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They don't though. That's not how the pay of CEOs works.

The company has to choose for itself, with legal fiduciary responsibility, whether it wants to pay the CEO more. It has to choose to part with that money, it has to choose to take on that expense because it believes the expense is worth it for whatever reason.

There are laws regulating how this process works specifically to make sure that CEOs don't get to just choose their own pay regardless of shareholder value.

Remember, every dollar that a CEO gets is one that the company has chosen to lose because the company, again for whatever reason, believes it is better off giving up that cash to keep this CEO employed.

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