I mostly agree other than assuming we would have paid him a higher salary (although not $300k p.a. higher) if Collingwood weren't chipping in so much, so we get more bang for our buck than we otherwise could have given his salary's market worth (again, an assumption). I think hes performing pretty much expectations too.His "actual salary" is irrelevant because it has no real connection to his expected or actual performance. What we're paying him and what we are getting from him are the relevant variables.
I take your point though.