CEO moving on to role of Chairman

We fully agree that allowing the outgoing CEO to move on to the role of Chairman poses serious problems for good corporate governance. But as we do not really think that the separation of the two roles is essential for the running of a company we consider this discussion to be a sideshow. The United States have a perfectly efficient economy and most companies combine the role of CEO and Chairman (and President) in one person. The problem with excessive remuneration of CEO's (and other senior corporate executives) cannot simply be explained with the fact that the two positions are held by one and the same person.