[Wphile]

You are so right about the Board. Criminy, with all the corporate scandals the past couple of years and not one single board member has been held accountable to anything. The Boards are supposed to serve as the watchdogs for the shareholders and it is overwhelmingly clear that they have not done so but yet no indictments, no nothing. It's rather appalling. I suppose the shareholders could all vote them out but even that is very unlikely.

[goodnesswins]

For years I've thought it would be great to be "annointed" to a major Board.... now, I'm wondering what a battle it might have been to get a point across, especially during the heydays of the late 90's.....there probably were Board members asking questions, but, like me, they'd be looked at as party poopers. Having worked with Compensation, however, I question what his actual JOB was, and how it compared to comparable jobs.....but, then, like you, I wonder about the pay of some of the CEO's whose Board's just keep on upping their salaries while the company is losing money. Just my 2 cents.