This.
Unfortunately, in our current "Greed is God" late-stage capitalist world, it's virtually impossible to find a competent tech CEO who is willing to work for mere honest wages. And (evidently) too difficult to even find one who's willing to work for 30X.
What does it mean to be qualified?
The issue I have is a lot of CEOs appear to be wholly unqualified for their positions and their salaries are completely unjustifiable. So many of them don't even have a glancing understanding of the product or company that they are in charge of. Their primary role is getting a higher stock valuation so the board can be happy.
A good example of this is how many tech CEOs have dumped ungodly amounts of money on "AI" because that's what the market demands. Or how many CEOs hire and fire based on what other companies are doing, not what their company needs.
The fact is, "qualified" is often at odds with "competent". Most of the 30x CEOs are only qualified in chasing stock prices, not competently running a company for the long term.
I think if you are paying 30x engineer salary you are always going to find CEO’s that optimize for money.