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Keep talking about this until it changes.
Also, I am just going to say it:
If your CEO is so inconsequential to the success of your company that he can be gunned down in the street like a dog and it has absolutely no impact on your company whatsoever, maybe he doesn't actually need to be paid several hundred times as much as your median employee.
Maybe you could get away with, like, ten to fifteen times and spend the extra tens of millions of dollars you save on something else.
Just thinking out loud.