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by ipnon 2329 days ago
The CEO's compensation is usually determined by the board of directors at large public companies [0].

[0] https://www.forbes.com/sites/hbsworkingknowledge/2015/11/18/...

1 comments

...yeah, but there's still a "market mechanism" - you're not going to be able hire and keep a good CEO if you don't pay at least "market rate". Also, probably most people worth >1Bn have not made that by being CEOs, that's more like what you get through successful investment (the "rich daddy" + "some brains" combo), or through being really really incredibly lucky as a founder.