Even if it is 3 times more productive it is 10 times more expensive. Unless you can convince people to pay more for US made items, work will continue to go overseas.
Think about it, it is cheaper to make something 4000 miles away and ship it here, than it is to make it here. This is valid for many low-tech items, things like clothes, that do not take alot of skill to make.
And the CEOs multi-million dollar salaries do not play into the cost of manufatcuring?
Divide the pay a CEO gets by the number of units a company sells and guess what? It really is a drop in the bucket in the cost of an item.
Lets look at Boeing for example of a high end product. A 737 costs 80 million, a 747 around 250 million. Lets take the average at $165 million. Boeing's CEO made 19.7 million in 2010, but Boeing has 2 major components, Defense with 68k employees, and commerical airlines at 58k or so. lets be generous and split it 50/50, ignoring any other products. So $9.85 million is the compensation for the commerical side. in 2008 Boeing shipped 407 units, so the CEO cost per unit is $24,201 per unit, or 0.01% of the aircraft's cost.
Now, high end items like aircraft are really not the issue, it is more low end items like clothes, or cheap electronics. I can assume the numbers are the same for those, or at least similar. I will try to do some math on those, but it makes the whole CEO thing a bit of a red herring.