[eigenvector]

"CEO pay" is only a market if you believe that having been paid an astronomical amount of money as the CEO of an unrelated company is a prerequisite to being the CEO of, say, Activision. In the past, companies promoted CEOs from within their own longterm management, instead of CEO being some kind of mystical profession unto itself.

[dnautics]

That's very much a market, and you've pointed out exactly what's wrong with it