> Shaming organizations into lowering exec comp probably won’t work: there’s a strong economic incentive to pay competitively.

Well I think you're right on the first half but I don't think you're correct on the second half.

Paying a CEO 5M vs 17M is a rounding error to a double-digit billion dollar company. Its like getting something on Amazon instead of Alibaba, sure Amazon is 3x the price but you obviously find the item cheap enough otherwise you'd be on Alibaba. Or perhaps you want the item now and don't want to spend months searching for a new CEO.