Yes, very difficult. That's part of the reason that it's often difficult to determine why a given company has done badly: maybe the board of directors believes the CEO has done well, and compensates him or her accordingly, but the (unknown) truth is that he or she has made poor decisions.
Yes, very difficult. That's part of the reason that it's often difficult to determine why a given company has done badly: maybe the board of directors believes the CEO has done well, and compensates him or her accordingly, but the (unknown) truth is that he or she has made poor decisions.