Their salaries should be cut in half. Coats is screwing the company at $779,000/year. If they don't like that, pay them strictly in stock options for performance goals that have been reached. When the CEO is making more money than what the entire profit for the year comes to, maybe it's time to make some changes. It's time to stop screwing around and get down to business. Coats final statement in the CC was about as meaningful as a politicians promises.
The company would have been bankrupt if they hadn't already cut about 35% of their staff. (It may have been more than that...can't recall the figure)
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