Ever seen someone doing their “unskilled job” all their life? It’s just fucking magic!
The truth is that capitalists hate skilled workers, because those workers have bargaining power. This is why they love the sort of automation which completely removes workers or thought from the equation, even if the ultimate solution is multiple times more expensive or less competent than before.
Nothing is more infuriating to a boss, than a worker that can talk back with experience.
I disagree that CEOs are equivalent to landlords. CEOs do create value by providing direction for the efficient application of resources to solve business problems and leadership and direction to employees. It’s not an easy job, by any stretch.
That said, taking skill doesn’t mean that CEOs should be entitled to massive take-home pay. I think the “fix” comes in adjusting our taxation system, not CEO compensation. Well, at least so long as we’re tied to the profit-seeking corporation structure we’re in. A “good” CEO can lead a company to producing significantly more value than a bad CEO, so let them fight for big compensation packages all they want.
The highest marginal tax rate in the US for individuals peaked at 92% in the early 50s. If we had sane marginal income tax rates at higher income levels, then there would be no problem with executive income. (Granted, we also need to fix taxation on other forms of compensation and capital gains, too.)