BTW.........Limiting CEO pay does not eliminate corruption.....
However, limiting corruption will very likely limit CEO pay.
The shareholder is the long forgotten and ignored victim. CEO pay is always compared to line worker pay. That is a bogus argument. Undue compensation isn't at the expense of the line worker, its at the expense of the shareholder.
Far too many CEOs feel that they should have the rewards of an owner. That is BS. They are employees and deserve nothing more than just compensation. What's just? That should be for the shareholders to decide. The problem is that when no one owns more than 5% of a company, let alone 51%, there are insufficient mechanisms to get rid of a loaded board of directors. Of course you can divest, but that doesn't put any real pressure on them, as they have already gotten what they were after.