"Still waiting for your explanation of why modern CEOs deserve more for performance no better than the historical norm."
Actually, I believe there should be no rule or guideline that determines what a CEO gets paid.
I believe it should be determined, like all salaries and prices, by the market itself. In other words, the more money they make for their stockholders, the more money they should earn, isn't this what free enterprise at the corporate level is supposed to be all about?
What I find disrbing is that CEO compensation is going through the roof while corporate perfomance is in a nose dive. This tells me there is no free market. It's a racket.