I didn’t say anything about performance. What I said is that it’s untenable for a board to penny-pinch a few million dollars for someone managing orders of magn

I didn’t say anything about performance. What I said is that it’s untenable for a board to penny-pinch a few million dollars for someone managing orders of magnitude more in resources. A board gains nothing from pointing to a 2005 Stanford GSB blog post if a CEO they hired runs the company into the ground. Again, all this to say we should just tax CEOs more and let companies pay what they want.