The inequities of the market are legion. Govt solutions are far worse.
This is my general concern as well. I too am often left bewildered and disgusted by the huge pay granted to CEOs and other executives of mediocre or, in the case of Lehman Brothers, floundering firms. But the "solution" often offered to this problem - to have the government regulate pay - is worse than the problem. Another solution occasionally offered - to sue or prosecute suspect executives, also can lead to a number of problems.
As they are in life. Dame Fortune has never been 'fair' when handing out life's blessings and curses.