I’m not making any statement on whether that CEO did a good job or not, but I’d like to point out that if you had a failing company, it might make a lot of sens

I’m not making any statement on whether that CEO did a good job or not, but I’d like to point out that if you had a failing company, it might make a lot of sense to hire an expensive hotshot CEO to turn it around (and to get the best you would also offer benefits like golden parachutes). So it’s not necessarily a case of “the CEO is getting paid exorbitantly to do a bad job”.