The salaries aren't excessive. It's like when someone wants the head of a 10,000 person charity to work for $100,000 per year. It's not going to happen. You are competing with other organizations and need to pay accordingly. It isn't like a charity or non-profit is no-work. It's work. You don't work for free. Neither should they.
Wayne's base is around a million dollars. For the size of his organization (1,000 employees, 5 million customers), that's pretty regular.
People piss and moan about this stuff, but it's a different world than you and I. It's no different than someone complaining about teh salary of the CEO of Verizon or whatever. Sure, you could cut that guy's compensation from $20M 2 years ago to. . . 5 mil? And it gets the shareholders. . . . . $0.0036 per share. .36 cents.
Wayne needs to go because he's ivory-towered himself. Not because of what he spent the money on.