What is a reasonable salary expectation for a director level position in a $40 million dollar company?

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How established is this company? Is $40 million just one line of business? Also as far as organizational structure how many subordinates do you have and who would you direct report to?

15 years
One line of business
Lean organizational structure
Management committee - 4 Regional Physicians, 2 Directors, 1VP, CEO and founder/majority owner.
Management all report directly to founder

What city or state?

Primarily big cities in the south.
Atlanta, GA
Charlotte, NC
Orlando, FL

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