[fergie]

In most jurisdictions a limit a limited company has to have a board and a CEO. You can outsource middle management- this is what McKinsey, Bain, BSG etc essentially do, but you can't legally outsource the guys at the very top.

[icebraining]

So what? They would just be the department heads of the previously monolith company (e.g. instead of having a sales department with a VP of sales and a few top managers, you just have a Sales Company subsidiary with a CEO and a few board members).

[dx034]

You already have that at large companies, the CEO is also head of a lot of subsidiaries. You can then compensate at that company as it best fits and channel the main compensation through another company.