Some CEO's you can just never replace.....for example Kerry Packer.
SI pursuing his long game strategy appears to be endorsed by key holders here as you say.
Regarding salary, is he worth it? Well it's a worthy cause for starters and who else could lead it, but more important the salary has to match the caliber of organization and board you want to grow. Simples.
We don't exactly have top notch CEO's dropping from trees here in this country - the reason why global headhunters are used by many majors - and even then there is incredible mediocrity in many corporate places I can think of.
But it's also got a lot to do with the actual product - some products you couldn't get moving with a horse whip, while others attract brilliant creative minds who attack new frontiers with gusto. For example CCL vs A2M.
We have the potential products, and he is the creative man for our times I think. At age 61 he appears well enough to see us through a few years yet - to market.
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