I suspect the low tax rate of long term capital gains combined with companies being allowed to do buy-backs drives all of this. Seems like today they are paid

I suspect the low tax rate of long term capital gains combined with companies being allowed to do buy-backs drives all of this. Seems like today they are paid mostly in stock. Their vision becomes very short term. If they can’t organically grow the company, stock buybacks will prop up their shares. Otherwise a CEO paid mainly from salary might be more motivated to stay a tiny bit longer.