Like just about everyone else here, you have missed my point.
A CEO is in a closed market like teachers. If the teacers negotiate a larger salary they are impeached. If a CEO is handed a large salary everone compliments him on his windfall. There is clearly a double standard of perspective.
I disagree - the two markets are NOT similar. Teachers (generally) negotiate their salaries as a union, meaning that the benefits negotiated by the whole are applied to each member, regardless of their indicidual merit. The CEO must negotiate for himself, individually. If there were individual teachers negotiating high compensation based on superior performance, I would see the two as similar. That, in general, is not the case.
Just my $.02.
BTW - I agree that most CEOs are overpaid, but that is based on my estimate of their value to the company. I do not own their company, so therefore I get no vote on their salary. It's just the way it is.