Monday, June 11, 2007
If you are one of those who believes Canadian startups simply aren't competitive when it comes to executive compensation, take a look at last week's final prospectus for Espial over at Sedar. The equity given to management, together with the fixed and variable salary reported, contrast markedly with those reported by limelight and even by recent AIM debutante Redknee. Granted, there is a significant difference between Limelight's revenues pre-IPO and those of Espial. But is the equity component reported here an adequate reward for the reduction in base salary? The eternal question remains.