On the contrary, higher CEO pay is a symptom of enshitification because it means ownership has dispersed enough and/or the majority owners have checked out enough that there's no strong hand slapping the CEO around when he proposes utter BS for his pay package. I did my undergrad econ final thesis on this subject almost 20 years ago now, it was quite interesting. Over 500k of total compensation a year correlated very heavily with a whole host of policies that indicate CEO board capture (Don't ask me what they were at this point, it's lost to the sands of time) and likely enshitification progression as well since the guys providing the capital have checked out and the CEO's interest is in increasing his comp, not in making sure the capital is well compensated.