when you buy by price, you get what you pay for
$500k would basically be someone wanting to either do the job for nefarious purposes (getting in there and influencing the company) or for charity. Basically, $500k would be $250k after taxes. Of course, their corporate jets are gone so figure at least $50k per year out of their pockets for travel because travel expense at that level is often looked at as compensation. We are now at $200k. Now, most of these companies are HQ’d in places like New York city. An average apartment in NYC costs around $7k per month for a three bedroom. That’s another $84 thousand. We are now down to $116k.. Now, your CEO is making what your average business analyst makes.
By that logic, we should have had the most competent people running Wall Street - like, you know, the CEOs of AIGs, Citis, Morgan Stanleys, Lehman Brothers.
Look at what we got for $70-100 million for each of these Wallt St. CEOs!
Yep - the answer is to pay them more and subsidize their failures with tax payer money. /sarc