This is exactly what happens. It's also why CEOs buy other firms even though research shows the majority of takeovers fail. Just pick up any management book in the last 20 years.
There's a clear correlation between org size and CEO pay, even when not in the company's interests. Some CEOs and managers also love the power. Politics is also at work.
There's a clear correlation between org size and CEO pay, even when not in the company's interests. Some CEOs and managers also love the power. Politics is also at work.