What do the CEOs who fail and the CEOs who succeed have in common? They're both incredibly overpaid. The question should not be is Bob Iger worth X/year?

The question should be could he be paid a fraction of what he is in reality and do an equally good a job? Or could somebody else do an equally good a job as Bob for a fraction of the cost? The answer is almost always yes to both questions, and it applies to all companies not just Disney.