CEO compensation is determined by board of directors, which are largely comprised of other CEOs, who are usually nominated by the CEO and rubber stamped. It's v

CEO compensation is determined by board of directors, which are largely comprised of other CEOs, who are usually nominated by the CEO and rubber stamped. It's very incestuous. Corporate governance is a joke. The biggest problem is that corporate ownership is both divided among many stockholders and also fleeting, with stock constantly changing hands. This allows the executives to dominate control of publicly owned corporations.