My co-worker's picture is offensive, should I tell my boss?

We have a company board at work where we post pictures of our families, company events, etc. One of the Senior management got a signed picture of a NFL cheerleader and posted it. I really don't think it's appropriate to have in the workplace in a very public area-- I don't care if he has it in his office but I don't want to walk past it every day. I think it's inappropriate in an office environment and don't want to have to look at it. Should I tell my boss and have it taken down or just suck it up?