There's some survivorship bias due the "orbit we're talking about".
The reason the new CEO is coming into place is that the old one didn't work out as intended, and the board has set its sight on someone they think would do a better job. Such desirable person is usually not living off unemployment benefits, is comfortable financially already, therefore has little motivation to jump ship unless he gets a substantial increase in pay.
The board could potentially hire via an ad in the paper or a temp agency advertising a salary at 50c above minimum, saving stockholders (themselves included) massive amounts of money, but yet even the most financially stingy and cost-hawking shareholders - private equity folks and activist shareholders - usually don't resort to that.
If they're under consideration for such a job, what I said more often than not holds true, too. We're fundamentally not talking about "labor" in the sense that erikb was using it, we're talking about labor-with-capital-access and that's just a straight-up different story.
The reason the new CEO is coming into place is that the old one didn't work out as intended, and the board has set its sight on someone they think would do a better job. Such desirable person is usually not living off unemployment benefits, is comfortable financially already, therefore has little motivation to jump ship unless he gets a substantial increase in pay.
The board could potentially hire via an ad in the paper or a temp agency advertising a salary at 50c above minimum, saving stockholders (themselves included) massive amounts of money, but yet even the most financially stingy and cost-hawking shareholders - private equity folks and activist shareholders - usually don't resort to that.