More X's and Y's: CEO pay

This article carries the headline

"Study: Tech CEO Pay Doesn't Match Performance"

which is, I think, underwhelming. I wonder in how many industries CEO pay maps accurately to anything, really--stock price, employee morale, growth, profits, market capitalization, anything.

A tracking firm executive said, carefully and correctly:

"We don't know exactly the reason why a company does things," says Dolmat-Connell. "A company may be in the midst of a major business transition--we don't know the intricacies of the situation to know whether [a compensation package] was right or wrong."

He is implying in this statement that compensation packages should be tied to something, contra jackscolon (look at that fiery red hair!) who thinks that CEOs occupy an echelon of humanity in which nothing they can do is unjust or, really, is subject to judgment by we lowly bloggers at all. If Larry Ellison wants to pour hot soup in my eye and park his yacht on my face, he should be able to.

In conclusion, the data so far is inconclusive.