yishan comments on ELI5: What does a CEO of a large company do in a "typical" week, and why is he (usually he) paid so much?: "This leads to an acute supply-and-demand problem, i.e. the "I'm not getting paid enough to deal with this shit" issue, wherein plenty of otherwise talented executives who would be CEO candidates are happy to just stick with not taking that extra step - keep in mind that anyone with the combination of characteristics necessary to be a successful CEO has lots of options - so you end up with a highly illiquid market of candidates, and thus boards and compensation committees have to come up with really unique compensation packages to induce those people to take the job.
"
'via Blog this'