I disagree with term limits. I'd prefer to see the number of representatives vastly increased (no increase since 1929) and gerrymandering removed. I do agree they should not trade on the market.
I think you misunderstand the risk that non-CEO employees are exposed as cycomanic pointed out. CEOs that make this much money are more capable of defending themselves than a regular employee, not only from their wealth but from their network. It's rare that a CEO has to testify to Congress, or deal with FTC/FCC, etc. And dealing with BOD, hostile takeovers, or activist investors pales in comparison to what many people deal with day to day. A CEO is not going to go homeless from a hostile takeover.
I think you misunderstand the risk that non-CEO employees are exposed as cycomanic pointed out. CEOs that make this much money are more capable of defending themselves than a regular employee, not only from their wealth but from their network. It's rare that a CEO has to testify to Congress, or deal with FTC/FCC, etc. And dealing with BOD, hostile takeovers, or activist investors pales in comparison to what many people deal with day to day. A CEO is not going to go homeless from a hostile takeover.