The SEC is about to require publicly traded companies to release CEO pay as a percentage of median pay in an effort to shame them into lower pay. The problem with this is that CEO pay isn't that much higher than their officers pay. Lowering CEO pay may then mean a pay cut. You can then try to cut officer pay, but it's not that much higher than senior director pay... And so on down the ladder.
While you can say that it's just an old boys club where CEOs vote for higher pay for each other, that doesn't hold true down the ladder.
Turns out that the job market is just that, a market with price determined by supply and demand. If prices are high, it means that there aren't enough qualified people. Those who love to bash CEO competence in addition to their pay can at least agree on that.