I think it's great news, insofar as the disclosure of this information illustrates the trend toward greater transparency and supply of relevant financial information.
In the end, free market will prevail: people, in this case investors, vote with their money. If shareholders become genuinely concerned, they'll exit those positions. With reduced demand for the stock, thus shall follow the share price. When that happens, watch for CEO compensation to follow.
The long and the short of it is that you need to pay for quality. CEOs, just like everyone else out there with vigor, work ethic, and confidence, will sell their time to the highest bidder. Presumably, the shareholder wins in the end with improved company, and thus stock, performance.
I have no issue with paying for quality. As long as CEO pay is a reflection of the value that their skills provide to shareholders, let them get paid.