I really curious what was their tact with that?
"We see based on your record that you're not worth as much as we thought..."
Tactic: "well, we'd be taking a risk by hiring you, what if you do something bad again? or if this turns in to a PR problem?"
I understood this and had absolutely no hard feelings towards him and his honesty was one reason why I continue to respect him and vice versa.
So he tried many times to find reason to pay me less than I wanted, this was one.