see its a difficult question. but lets assume he cuts they pay. if they go on strike 1,000,000 people lose power. should the needs of 10,000 outweigh 1,000,000?
this relates to CEO's because there is probably a fair amount of people who swim three times a week so should i be paid as much as micheal Phelps? obviously not
if Michael Phelps knew that when he took up swimming if he would only get paid the same as some English kid perhaps he might not have done if professionally. maybe maybe not only Michael Phelps can answer that. but its probable
now I Totally get your point for example a few men bought the English shop walworths and sold off all its assets for personal profit. stripping a company for money is wrong.
but most people are not good. they are not bad. they are just trying to get by. so most CEO's are just run of the mill ordinary people. but if we remove the incentive to become a CEO ( higher pay ) why go to yale, work thirty years to just be paid marginally more than a worker. just become the foreman so that's how labour shortages happen. also if you could be paid for doing the same job far more in another country why not just move. that is also how a brain drain happens
if you get paid three dollars to walk a Golden retriever one mile. now another person will pay you thirty dollars to walk a Labrador which dog would you walk?
