I still don't get why companies pay ridiculous amounts of money to get execs from the outside. Every other role is (mostly) filled via promotions, why should ex

I still don't get why companies pay ridiculous amounts of money to get execs from the outside. Every other role is (mostly) filled via promotions, why should executives be any different? Admittedly, Baker specifically got her role by being "promoted" from a Netscape lawyer and then playing a role in the creation of Mozilla, so my complaint doesn't quite apply. I'd still see letting her go and promoting someone to fill her place as a better alternative to the pay raise.