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That still doesn't match the current state of affairs in my opinion.
Just because effort is more does not inherently mean value generated from said effort is more.
Not to mention the huge jump in compensation for said "effort" by each level.
You say you don't like people who just live off the interest their money collects, I can respect that ideology. I feel that people who are actively funneling more money away from the people doing the useful work are worse than those just living off interest.
In a perfect world we would all die broke, and be born with equal opportunity. This isn't a perfect world.
Edit: thinking about this further. I also have to disagree about the "effort" a CEO puts in to be inherently more or less than any other position. Every job requires effort. I guarantee a server working a double is pouring a ton of effort into that job. For me that job would be a lot of effort, likely more than I ever have exerted in my work. It's what makes me not want that position. Does that mean a server should inherently make more money than I do?
Same with my boss' position. It would take a lot of effort from me, different than the server position would take, but still probably about the same effort in my opinion. Yet he gets easily 5x the pay a server gets (and more than I get).....
The effort claim just doesn't make sense.
Compensation is one of those things you juggle when you decide to take a job that's offered. You, or anyone else, wants as much as you can get. Usually, if the company has anything on the ball, they know the compensation of someone with your experience and ability that other companies offer. Same thing is true with CEOs. It's up to you to accept or not. Maybe the perks you get are worth aa lower offer. It's up to you. CEOs do get tied to performance, though, so if you are successful you get bonuses for that but if you're meh, you don't. If you continue to be meh, you may not be a CEO for long. Getting another CEO job isn't easy.
Yeah and that doesn't make sense, because it's not actually the CEO that's doing the performance.
And against your effort argument.
I agree that's the system that is in place, just not that it makes sense, or should be accepted as a good system, let alone one to protect.
Yeah, I don't know if it's worthwhile responding to you or not.
Respond or not. I've enjoyed the conversation.