Isn’t the decision to either fire the executives/CEO or others the domain of the owners of the company? And perhaps rightly so? It’s not like shareholders/boar

Isn’t the decision to either fire the executives/CEO or others the domain of the owners of the company? And perhaps rightly so? It’s not like shareholders/boards LIKE paying CEOs more than they otherwise could - especially if performance is bad enough to warrant big cuts. They would pay them as little as they can get away with to maximize their own return, similar to all roles down the hierarchy. To my uneducated mind, it seems far better to (1) have better gov-mandated worker protections around termination/layoffs - longer severance, continued benefits, etc; and/or (2) higher corporate taxes to fund programs that assist in job transition/EI/etc… than arbitrary rules around CEO pay ratios or “executives always get fired first” rules.