The discussion is about two different things:
1. The amount of money offered for the author's work
2. Imploring others to not take "lowball" offers in order to preserve a certain pricing/business model.
Regarding #1: Everyone is allowed to make any kind of offer, and the author is free to refuse them, just as he did. Photography is a business, and everyone is trying to make a deal to make a buck. If Coke offered $100, that's their prerogative, and it's up to the author to either haggle up higher, or refuse them flatly.
Personally, I see no reason why the author was so offended -- the emails weren't rude, they weren't demanding, and the email person "L" was almost apologetic for having only $100 to spend. Since I don't know what company this is, we cannot make assumption on why the author thinks they will sell the calendars for $12.99 (although, there are religious undertones, and my suspicion and speculation is that they will not sell these at a huge profit as the author believes)
Regarding #2, that's been covered well. If I want to sell my software at $0.99 per app and it undercuts the competition, great. We saw iOS developers complain that the $0.99 games are undercutting their profits, but it turned out to be a sustainable model. It's not my problem if I give my photos (or product) away for free and undercuts his model.