There must be a glut of straw. It's the only explanation for so many straw men. First of all, in the linked Forbes article we have the comparison with hourly rates straw man. Then we have the comparison with the streamed games player. Finally we have the straw man of the family firm where the firm whose members can choose to pay themselves as much as they think they can afford. All this to support what are essentially auction prices for top managers.
We're asked to believe that if company A is prepared to pay more than company B for exec X then X must be worth that. But the comparison with the games player is worth examining more carefully. The earnings there directly reflect the fact that sufficient individual consumers are prepared to pay (I admit to wondering why) an overall sum great enough to pay the gamer. In this case the gamer is demonstrably providing value that justifies the payment. The issue which both this article and the Forbes article avoid is demonstrating that the high paid exec is providing value.
We should not be arguing that the exec doesn't put in several hundred times more hours than the line worker nor that he works hundreds of times harder but that he demonstrably provides hundreds of times more value to the business. The fact that this argument isn't being made suggests that all too often there's no such demonstration possible. The bidding should have been stopped before it got so high.
This becomes a particularly acute issue when - we can all put names to this - the big payments are being made to execs by companies which are visibly circling the drain if not heading directly down it.
It's impossible to avoid the suspicion that the auction is being rigged. The people doing the bidding also have their incomes determined in like manner and have no incentive to question the mechanism.