Among the Reasons for High CEO Pay Are All of the Following

Among the reasons for high CEO pay are all of the following EXCEPT

A) the people who are capable of doing the work required of a top corporate officer are relatively scarce.
B) paying CEOs with stock in the company will motivate the CEO to do what is in the best interests of the shareholders, and these stock packages might be very large to motivate more.
C) shareholders might benefit from the prestige of investing in a company with a CEO who enjoys a high standard of living.
D) a corporate board might make the CEO job higher-paying in order to entice lower-level corporate officers to put forth maximum effort as they try to achieve the top position.