Ahh the politics of envy, looks like a political stunt.
My view on this matter is that if you pay peanuts you will get monkeys. Executive salaries should be tied to portfolio performance, many are.
We had one example in Aus where after a bank merger eventually one guy got a payout of $32 Million. Made headlines as its one of the biggest payouts in our history.
I actually read what the guy did, he was a long term exec of the previous bank and had grown one investment portfolio from $1 billion to $5 billion. Given what he achieved and the duration of his service it all sounded reasonable to me.
I will agree many execs get paid a lot to fail, I guess we could look at punitive measures in these areas, but many jobs are very subjective in analysing performance.
Its very easy, just give your employees/players a 100 year lease on a house for $1/week. There are so many ways to avoid such stupid rules. My other half works as a CFO, one of the owners just rocked up at Christmas and gave her a $5000 cash bonus ...... I mean cash ! Given the company is a multimillion dollar company such amounts are peanuts.