90 Cents of Every 'Pay-For-Performance' Dollar for CEOs Are Paid for Luck
Michael B. Dorff wrote a book about this called "Indispensable and Other Myths": <a href="http://blog.translusion.com/posts/CEO%20Salaries/" rel="nofollow">http://blog.translusion.com/posts/CEO%20Salaries/</a><p>His conclusions were that CEOs don't really matter all that much. Exceptional ones like Elon Musk or Steve Jobs are quite rare.