Publicly traded corporations, whose investors include retirees' 401k money should be regulated to prevent CEOs from bribing or otherwise controlling the companies' boards to give them salaries and / or other non cash compensation that obviously exceeds the market for CEOs of similar sized companies. It is like stealing from pension funds, which diminishes retirees' quality of life. It also takes away from capital that can be used for R & D, production costs, wages, retooling, etc.
It is fine to have incentives based on performance of benchmarks on which the CEO has control, but they should not be rewarded for general market improvements or windfalls they did not create.
If there are already laws or regulations, they should be enforced zealously.