Even for very highly paid CEOs, you wouldn't expect their remuneration to be much more than a single percent of revenues, and so underperformance as a direct re

Even for very highly paid CEOs, you wouldn't expect their remuneration to be much more than a single percent of revenues, and so underperformance as a direct result of overpaying the CEO is unlikely to be an issue for any big company. Statistically, the direct effect of CEO pay on the bottom line is dwarfed by the indirect effect of his/her work on the bottom line, making it hard if not impossible to isolate, and so I don't think these numbers quite tell the story you think they do.