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A comment on 90 Cents of Every 'Pay-For-Performance' Dollar for CEOs Are Paid for Luck. Parent comment

Re:90 Cents of Every 'Pay-For-Performance' Dollar for CEOs A... by adamb_ on Friday September 30, 2016 @12:23PM (#12613425)
One explanation I was given by an economist for excessive CEO glut is that it incentivizes the C-level execs directly below (which arguably are the ones responsible for the company's execution) to work their hardest, such that they could one day be considered a candidate for the next CEO.
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Re:90 Cents of Every 'Pay-For-Performance' Dollar for CEOs A... by kwhitefoot on Friday September 30, 2016 @01:05PM (#12613691)
Sounds plausible. But if it is true it is a terrible thing because it means that the C-level are competing against each other for a very scarce resource instead of spending their efforts doing the best for the company.
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