Quote from Humpy:
The other $49m could be re-invested in the business, creating jobs and giving a bit more to shareholders. When someone messes up, noone says "Oh dear, what about the shareholders ?"
I remember an interview with one of the richest men - who said after the first millions money became less and less important. More a way to measure off agaist other rich men.
"he other $49m could be re-invested in the business, creating jobs and giving a bit more to shareholders."
if it is taxed away by the gov't per your suggestion it will be wasted away by the government either through higher salaries for gov't workers or for expansion of the gov't bureaucracy.
fyi any money the executive receives will be either saved or spend. this scenario also creates jobs. investing is the opposite side of the coin of saving as banks etc. loaned money to businesses to expand.