What I don't understand is how we can have CEO's make massively poor business decisions, bring their company to the brink of ruin and the CEO quits and gets this fantastic "going away" package worth millions.
Hell, I can run a business to the ground all by myself and I would be happy with 1 million dollars.
CEO's should have a salary of $1.00 per year and a percentage of the profits. Company does well, CEO gets money, company does poorly, CEO eats Raman like the rest of the employees.
The key is that if the CEOs have golden parachutes, they are not incentivized to help the company as they can always punch out and be taken care of.