> yet they are almost all paid as if they are great leaders.
The board of directors are the ones who measure CEO performance and set compensation but most of the times they just rubber stamp whatever the CEO does.
One of the criticisms is that the boards are incestuous. Another issue may be that stock options are much more common now. I know the argument is this should align the CEOs interest with the shareholders but the counterpoint is it incentivizes a short term outlook.
The board of directors are the ones who measure CEO performance and set compensation but most of the times they just rubber stamp whatever the CEO does.