> how do you quantify the value of leadership, vision, and strategic acumen? A bunch of rich people on the board vote on compensation. It doesn't have anything

> how do you quantify the value of leadership, vision, and strategic acumen? A bunch of rich people on the board vote on compensation. It doesn't have anything to do with quantifying the "value" of the CEO's supposed qualities. They do it based on their own opinions and biases, what they get out of the deal as shareholders and board members, and maybe a commissioned study based on pay of CEOs at similar companies. If we did have a philosophy that allowed us to perfectly quantify that value, it wouldn't change how the process actually works for setting their pay.