Law firms tend to be partnerships, so if partners want to give a new guy a ton of their own cash, good for them.
Wall street transformed itself from mostly partnerships, where partners invested their own money along with their customer's money, to corporations where professionals invest other people's money.
Apart from that, we have the system of deciding compensation for CEOs. The CEO picks people to sit on a compensation board, and they then recommend/decide what the CEO should get paid.
Warren Buffet in all his years of being an investor has been asked to sit on a compensation committee exactly once.
In conclusion, it's the system stupid.
Obviously CEO's salaries are going to go as high as can be in the current system.
Obviously people investing OTHER people's money are going to take more risk then people investing their own money.
Wall street transformed itself from mostly partnerships, where partners invested their own money along with their customer's money, to corporations where professionals invest other people's money.
Apart from that, we have the system of deciding compensation for CEOs. The CEO picks people to sit on a compensation board, and they then recommend/decide what the CEO should get paid.
Warren Buffet in all his years of being an investor has been asked to sit on a compensation committee exactly once.
In conclusion, it's the system stupid.
Obviously CEO's salaries are going to go as high as can be in the current system.
Obviously people investing OTHER people's money are going to take more risk then people investing their own money.