I'm well aware of that, but they are still grossly overpaid for what they do. Especially the CEOs in any large corporation, remember in the year that the stock price doesn't go up and actually declines you don't see CEO's seeing their salaries impacted at all, their bonuses might be a little less than usually but they are still astronomical... for CEO's to really get hammered in the compensation department the company has to be near bankruptcy... then when a CEO does royally mess things up they still end up with a golden parachute that is embarrassingly large by any reasonable measure. Unfortunately it happens because the majority of board of directors that oversee executive compensation are friends with the CEO and put their friendship with the CEO above their duty to look after the shareholders interests. Go look at a list of CEO to worker pay ratios and you'll see the US is way above other countries, that is in large part because of the US's wonky way of selecting board members. In a place like Germany in a large company the employees get to elect half the board which means it isn't stacked with friends of the CEO... but in the US you generally get a board that decides who the shareholders can vote for to be on the board so everyone on the board is really an insider and once the CEO gets to be friends with a few members its all over for the shareholder being first on their minds.