Every journalist who reports on what they believe to be excessive executive compensation (or even what they believe to be shareholder-friendly pay) should be cl

Every journalist who reports on what they believe to be excessive executive compensation (or even what they believe to be shareholder-friendly pay) should be clearly identifying (a) the members and Chair of the Board's Compensation Committee, and (b) the Board's Compensation Consultant. Although the whole Board is responsible for CEO pay, the Compensation Committee and the Board's compensation consultant are primarily decision-makers and influencers, respectively. In Yahoo's case, Maynard Webb, Jr. is Chairman of the Board and member of the Compensation Committee. Jane Shaw (Intel) is Chair of the Compensation Committee. And Fred Cook is the Board's Compensation Consultant. Regardless of whether you think her package excessive or reasonable, these are the people who ought to receive credit or blame.