It’s a lot for a small company without a lot of revenue that’s just starting to ramp up production. They can’t afford to do much more than that when they’re adding mills in debt each year.
I’m sure his compensation includes very attractive stock options and a bump once the company ramps up earnings because he negotiated it precisely that way.
Either way, it’s not a 20K salary. That would be crap for a CEO.
No, 90K isn’t exactly big time but the company ain’t there yet.
Gary Grieco gets 20K as a “consultant” fee. He’s not the CEO or the “head honcho.”
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