There’s been a bunch of studies that track CEO performance when the CEO has gone on to lead multiple orgs. No surprise, CEO performance has no persistence and

There’s been a bunch of studies that track CEO performance when the CEO has gone on to lead multiple orgs. No surprise, CEO performance has no persistence and is statistically random. Also higher compensation does not lead to faster EPS growth for investors over time. Average comp for execs has skyrocketed 10x the past few decades due to equity compensation - yet companies aren’t growing 10x faster than they were before equity comp became so en-vogue. My personal opinion: all execs should be paid in cash and incentivized purely with fixed cash bonuses. That’s basically how corporate America worked pre-1980s. Gifting a big percentage of a company to someone who was employee #3076 is just plain theft from public investors.