I see it as defending an "old boys club(now including women!)" who sit on tons of overlapping boards and conspire to "keep it in the family" and "reward" the "successful" businessperson.
The reality is that CEO pay isn't based on performance. its based on some bizarre dance done in the highest boardrooms designed to extract the most wealth possible for the 2 - 5 years someone is CEO regardless of how they run the company.
The dynamic seems to be a) if things are bad, we need to pay top dollar to keep valuable executive talent to fix it, and b) if things are good, we should shower rewards on the executives who made it happen. Heads I win, tails you lose. It's a nice place to be.
Welcome to corporate America. I agree with you, but the people on this forum are not writing comments defending the old boys club when they suggest her pay is not abnormal in the market. If we want to change these things it requires changes in government and regulation so we need to lobby for that change.
The reality is that CEO pay isn't based on performance. its based on some bizarre dance done in the highest boardrooms designed to extract the most wealth possible for the 2 - 5 years someone is CEO regardless of how they run the company.