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> "The salary of the chief executive of a large corporation is not a market award for achievement. It is frequently in the nature of a warm personal gesture by the individual to himself."

The board decides the CEO's salary, no?



The board members are frequently CEOs of other companies, where the CEO whose salary is decided may be a board member.


Can you cite this, please?


If not CEOs, they will mostly have a senior role in other businesses with similarly inflated salaries, and be potential future CEOs.





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