How do you recommend we go about telling someone they cannot earn what they can convince someone to pay them, or that a company/board cannot pay the CEO as much as they're willing to?
"You can pay your CEO whatever amount you want so long as it isn't 50 times more than the lowest hourly wage times 2080 that you pay any employee of yours."
...
Queue the gig economy...
"You can pay your CEO whatever amount you want so long as it isn't 50 times more than the lowest hourly wage times 2080 that you pay any employee of yours, any contractor of yours, or any of their subcontractors."