No. It's more like this: there's a massive prestige cost in paying lower than "market", and a benefit to paying more. It's actually much cheaper to overpay exe

No. It's more like this: there's a massive prestige cost in paying lower than "market", and a benefit to paying more. It's actually much cheaper to overpay executives and at-pay or slightly underpay junior people, which is what most "prestige" firms do.