I've said this before on HN: for a while I thought that execs were overpaid (generally, it is true!) until I worked with some founders and owners of companies who really did bring 10x or 100x the value I did to the company.
It doesn't mean they did 10x the work, but they definitely brought the value.
Exceptions don’t prove a rule. There are engineers who are also similarly valuable - and they get paid well. But exec/manager/admin pay is always inflated, regardless of that value. I say this from personal experience and insight into salaries at various kinds of companies, FAANG included.
It doesn't mean they did 10x the work, but they definitely brought the value.