I agree that CEOs have to make less mistakes than their competitors. In capital driven markets, company performance is measured relative to its competitors. W

I agree that CEOs have to make less mistakes than their competitors. In capital driven markets, company performance is measured relative to its competitors. With that said, I still don't believe CEO pay is justifiable. It is the board of directors who are responsible to the shareholders. The CEO is supposed to execute the will of the board. In reality, the board and the CEO are often are clueless about the future as anyone else. E.g., for decades now, big tech has been lobbying for increasing the H1B quota saying they can't find enough workers. Now, big tech is saying all this hiring is a mistake. E.g., on HN we have endless conversations about the mythical man-month and that measuring lines of code and pull requests are just ridiculous measures of productivity. What is even more ridiculous, is that managers now want workers to return to the office, to have butts in seats, because that is the only way they can measure productivity. TLDR: big tech, CEOs, and managers are clueless like everyone else; they have just have the gift of dressing up their S@IT using pseudo scientific management mumbo jumbo.