As chair of the compensation committee, you review the recommendations of the compensation consultant regarding the pay

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As chair of the compensation committee, you review the recommendations of the compensation consultant regarding the pay package for your chief executive officer and friend, Janice Jain. The proposed compensation package comes to $6 million when all elements are included. The table of comps demonstrates that $6 million is at the median of all CEOs at companies in your industry with gross revenues of at least $1 billion. Your firm has gross revenues of $1.05 billion. You know that Jain wants the $6 million. Is there anything you should be concerned about in the consultant’s report? Is there anything you should do?

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