This is simply implausible. Recall that excessive compensation is compensation in excess of the CEO’s MEC, Which is in turn of a function of his next best option. Since a CEO’s MEC depends on his particular talents and preferences, it is difficult or even impossible to identify what any given CEO’s MEC is. But few deny that CEOs are (at least perceived to be) highly-paying option for work. This mean that their MECs will be very high-far higher that the compensation of the average worker. Given this, it is implausible to suppose that prohibiting the CEO from accepting excessive compensation is too demanding. To be sure, a CEO who refuses to accept more than his MEC might have to refuse a large sum of money. But it doesn’t follow that the burden he is under is heavy given how high his MEC is likely to be.