Does the market apply to all wages
Though I'm sure the market applies to low paid jobs I'm not sure it always applies at the top.
Sure there are some talented individuals who build their own companies from scratch and have a huge responsibility for the value of the company. However in many companies the size of the company is so great that a small number of unjustified large payouts at the top have no impact on the market price of the shares. On the other hand any attempt to oust the current management would impact the share price so the shareholders and the market as a whole turns a blind eye. As long as only the small number of people at the top have their hand in the till the market does not care. These people are not being paid for the value they add to the business but are taking a "commission" out of the value of business that crosses their desk.
Interesting question for a future article, are commission based rewards good for the health of a market or do they encourage volatility for its own sake? Compare and contrast a Tobin tax and a traders commission.