CEOs have a ton of leverage and use it to use to their personal benefit. But they really are important- stock prices will change the value of a company by hundr

CEOs have a ton of leverage and use it to use to their personal benefit. But they really are important- stock prices will change the value of a company by hundreds of millions of dollars based on a good or bad CEO joining or leaving, and it's not like the investors are all in on the scam. There are mechanisms in the existing system to fight high CEO pay, EG activist investors will get involved with companies and occasionally force CEOs out or cut their pay.