No doubt that the productivity increase can be attributed to technological advancements. If you ask me, the robots should get a raise, and we should promote all of the workers that they displaced to be “managers” of said robots so that their salary can be justified by their new title. After all, it seems to be OK if managers are over-compensated.
I jest.
None of this answers the question of how we can measure CEO productivity in order to evaluate whether their pay is “worth it.” Does anyone know if there exists some sort of CEO rating system out there? What does it take into account? EPS? P/E? Number of jets/vacation homes/mistresses?
