I’m not making any statement on whether that CEO did a good job or not, but I’d like to point out that if you had a failing company, it might make a lot of sense to hire an expensive hotshot CEO to turn it around (and to get the best you would also offer benefits like golden parachutes). So it’s not necessarily a case of “the CEO is getting paid exorbitantly to do a bad job”.

If that's it thats honestly on the low end for a company of that size.

Total comp was over $2m/yr for the past several years, and the C-suite execs were each earning $1m-$6m the past several years, even the CTO. It’s another case of public losses, private profits.