In his case, it seems like "not enough".

Other CEO's though definitely have more impact in their respective companies.

Intel's recent re-invigoration once Pat Gelsinger took over seems like a reasonable example.

Is it that he doesn’t have enough ways to impact the company or is it that he’s incompetent though?

Often but not always true, which is why pay should be a few orders of magnitude lower.

See Satya Nadella at MS. Sundar has a lot of influence

As a CEO you can re-org things (eg. consolidate power) to have impact. Fixing this stuff is the job.

I assume he has quite a big say in what projects to fund or kill, or what companies to acquire.

Not to mention hiring/promoting the right people.

If he has little impact, why is he being paid $226,000,000 in a year?

That’s the point of the whole convo no? I’m in the camp that CEO’s salaries make zero sense.