3 ms·

The CEO's compensation is usually determined by the board of directors at large public companies [0]. [0] https://www.forbes.com/sites/hbsworkingknowledge/2015

• nnq 7y ago
  ...yeah, but there's still a "market mechanism" - you're not going to be able hire and keep a good CEO if you don't pay at least "market rate". Also, probably most people worth >1Bn have not made that by being CEOs, that's more like what you get through successful investment (the "rich daddy" + "some brains" combo), or through being really really incredibly lucky as a founder.