...what's the harm in extra dilution for the RIGHT reason?
I couldn't have said it better. Toss the new CFO 5 million Preferred Shares with a 1:5 convertible ratio (to common shares) and put him on a 4 year vesting cycle. Call it a day.
Throw him a bone or two when certain company milestones are achieved, like non-toxic financing, JV, Partnership, Buyout, etc.