Bundy! Same old story in Aussie small caps. Get a fat salary PLUS some free options. So if things work out you make heaps from the options. If it doesn't you still get a nice big salary and some super. So no downside really.
If you're a shareholder you cop it both ways!
You're right, he has been earning good money while the shareprice sits well below issue in the biggest commodity boom seen in years. Solution: become a company director!