Right. If I recall correctly, back in the 1950’s the pay ratio of the average company CEO to the average employee was something like 40 to 1. And that was self-policing.
Now the ratio is something like 2000 to 1.
I don’t think that it can be argued that CEO’s are 50 times more productive today. But it can be argued that they are 50 times greedier.
When the focus shifted to “shareholder value” alone, the shenanigans began in earnest. There are situations wherein moves calculated solely to drive up share price actually degrade the longterm prospects of the corporation. Look to a local example near and dear to me, once quite the phenom and now dealing with the aftermath, Krispy Kreme. There are numerous other examples.