"Who cares what the leaders of Fortune 500 companies make."
MSW's article in general and this comment in particular reflect a woeful lack of understanding of obligations that come with corporate governance.

The board of directors for any organization with significant financial obligations like the KofC has a fiduciary responsibility to hire a qualified and competent CEO.  Limiting the pool of qualified CEOs to those who would accept significantly less compensation than what their resume justifies increases the risks of hiring an incompetent CEO who could damage the organization.