Executive pay is zooming skyward again after pausing a few years for the recession

http://www.latimes.com/business/la-fi-executive-pay-20110529,0,4761118.column

This is a very good article from the LA Times and this quote speaks volumes about a compensation board, the process, the scrutiny and the perception:

"Most of our clients are convinced that pay is the window to the board's soul," Hodgson said. "It gives a good picture as to how the board functions and whether it's independent."