The issue here is that power among people tends to concentrate rather than diffuse. CEOs are comped disproportionately because the top 1% have an exceptionally

The issue here is that power among people tends to concentrate rather than diffuse. CEOs are comped disproportionately because the top 1% have an exceptionally better network and power structure over others. Why? Because people bandwagon onto known entities. There’s a similar phenomenon with authors, actors, and musicians. A-list actors command an order of magnitude more in compensation over B-list because they have concentrated a much stronger hold over an audience. This isn’t only true of “celebrity” CEOs like Jobs, Musk, etc. CEOs can develop their own mini fiefdoms of celebrity within a niche industry. This network and power gives them access to opportunities that can be pivotal to the success of a company. I think in order to equalize exec pay, you’d need to figure out how to stop the bandwagoning that consolidates exec power.