There’s kind of a point with these stratospheric CEOs, which are generally not seen in Europe. They might make 10 times the grunt salary, but not 1000 times.
But there aren’t a lot of them either, so the expenditure is not that much in the general scheme of things.
How about Ben and Jerry’s when they maintained that anyone can be a CEO and ended up proving the opposite. They held a contest where the winner would be their CEO. He didn’t last long. Their experiment failed and they had to hire a real CEO at free market prices.