Longtime leaders explain how they assess their own performance, look at market benchmarks and work with compensation committeesRalph Petta's conversation with board leaders about his compensation starts over a nice dinner, then gets down to brass tacks first thing the next morning. Lori Anderson has her process down to a science—a far cry from the rushed exchange in an elevator early in her tenure. Pat Cleary's board chair sends a questionnaire to his executive committee: "What kind of job do you think this guy is doing?"There's no secret sauce, except that a trusting relationship with the board can enable the creation of a simple and straightforward routine through which… Read More