So Wayne continues to make his million dollar plus annual salary after he retires. What in the hell is wrong with the Board to approve such a thing. A bunch of ultra rich shady guys getting into a pissing match with each other, soap opera no doubt.
To answer that, one needs to look at who are the decision makers on the Board, what powers the Board does/doesn't have, who controls the Board Governance Committee, the Board Executive Committee, and the Board Nominating Committee, and who is responsible for putting many of those Board members in their Board positions.