Part 3: Excessive executive pay can be dangerous: If directors can’t say no to the CEO on pay, they probably can’t say no to poorly designed strategy or head off operational fiascos.  (Illustration by Rami Niemi | Op-Ed by Nell Minow on Bloomberg View)

Part 3: Excessive executive pay can be dangerous: If directors can’t say no to the CEO on pay, they probably can’t say no to poorly designed strategy or head off operational fiascos.  (Illustration by Rami Niemi | Op-Ed by Nell Minow on Bloomberg View)