I love to hate on MBA types just as much as the next engineer, but this article contains a distracting logical fallacy right away:

That CEO pay increased because of a trend in aligning incentives (the analysis of the CEOs performance says nothing about this).

The article spends no time on this and is at best an ancillary point, it should have started with a general statement of how crazy CEO pay is and if it’s worth it without dealing with the incentive nonsense at the beginning.

Otherwise good article.