I do not believe for an instant that there is anything so special about those turkeys that their jobs could not be done by people making a lot less money--as top corporate executives used to make not that long ago, and during a time when American business kicked worldwide butt.
Of course not, you neither know what their function is nor have any idea how much the average CEO actually gets paid, even the MegaCorp ones. I have no use for an Indian CEO ("Indian" with respect to their country of origin and residence) at any company I'm still involved in. None at all. They simply couldn't do the job. That they are Indian nationals has a lot to do with it. Fortunately, there are quite a number of excellent CEO types to select from here that can be had for a reasonable price that can do the job. Which is a good thing, because it isn't something you can outsource.
What is it that you think a CEO actually does?