You'll never find a qualified candidate for running a huge multinational corporation for only $1M/year. You simply won't be able to hire for the role and the co

You'll never find a qualified candidate for running a huge multinational corporation for only $1M/year. You simply won't be able to hire for the role and the company will have to go without a leader. If you try to promote someone internally whom you think would do a good job and then underpay them, they'll simply leave shortly after because someone else will snatch them up and pay them more than you. If you do find someone who stays for that amount, it'll be a bottom-of-the-barrel candidate that everyone else passed on already. This is like wanting to find a top-tier senior staff engineer for $30k/year in San Francisco. At the end of the day, the people who can do the job can also perform other roles, and those other roles already pay more than $1M/year. You have to convince them to take on an unprecedented amount of stress and responsibility and effectively act as a public figure with all the baggage that comes along with that. You also have to retain them and prevent competitors from hiring them and deploying them against you. That means you have to pay them more -- sometimes a lot more.