There is a peculiar blindness in management which seems to overlook that at board-level mouth-watering pay packages "have to" be supplemented with eye-watering bonuses to provide incentives for execs to do their job properly, yet lower down the scale (for people who actually need the money more) appreciation and "job satisfaction" are supposed to supply that incentive.
I'd like to work for a company that had a flat-rate bonus scheme: if the company had performed well, everyone from the CEO down would get the same amount as a bonus. If that wasn't enough incentive for the boss man, then find another one.
This makes me think of a performance review I once got. The manager gave me rave reviews, but said he wanted me to take charge more, manage people (I was not a manager, nor did I want to be) and open up my availability more. He said that he would never let me go though. Then at the end he gave me my total grade then said that the raises were frozen so he couldn't give me a raise. So you want me to take on more responsibility, but you won't fire me if I don't, and you won't give me a raise if I do.... You have no carrot and you have no stick..... I'll just keep doing what I've been doing...