Agree there’s abuse there ... but look also at sports figures ... some make way more than CEO’s ...
That’s true.
But sports players are all “wage slaves”, even if those wages are double digit millions.
They get contracts based on what their managers estimate the amount of value they will provide in the future. And if they fail, the next contract is much smaller or nonexistent.
Now I will also agree there is a huge amount of govt subsidy for sports, be it college football coaches salaries or “free” $725 million stadiums for the pro team like we gave here in Indiana.
A lot of CEO cronyism with corporate boards produces large rewards for ongoing failure. Been there, seen that. Again, I”m not a populist, but if you want a lot of insight on this stuff read Dave Stockman’s book: The Great Deformation.