You are head-scratching. AB was "informing" us exactly what is.
Maybe he applied just like everybody else and Kevin said "you know I'll have to give you equal consideration to all other candidates" .... maybe nobody else as qualified applied for the position? Ever think that maybe the dude wanted the position because he respected Kevin otherwise a person of his qualifications wouldn't have taken the position at the pay that was offered because he could fetch a lot more pay at another firm?
There seems to be an immediate ASSumption by some (not necessarily you) that the position was a gift to the new CFO -- ever think that maybe the new CFO was gifting himself? What's the going rate of CFOs with this guy's resume vs. how much he'll be making? "Cronyism always happens in Wall Street" -- yeah, well, sometimes on Wall Street dudes who are severely overqualified for a position come on board to help out their "crony" as well, to massive benefit of the shareholders. Maybe Kevin said "hey, why don't you apply for CFO....you should see this batch of 2,000 applicants. Nobody comes even close to your qualifications and experience so I think the board of directors would jump on it....I know the salary is less than you're used to but you know me and you know I'll turn this company into a power house so you'll be rewarded handsomely as your stock options will rocket" ?
We don't know....but we do know Kevin's salary is pathetic for a CEO so I imagine the salary offered for the CFO position was pathetic too.
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