In a large city, with two kids, this is not an extravagant income. It's certainly a very good income, but a position like that deserves good compensation.
Why do they deserve that much compensation exactly?
The people who to my mind deserve high compensation are people who are risking their lives to help people, such as firefighters (who are often sadly volunteers and don't get paid anything), front line nurses and doctors, teachers in inner city schools or third world countries, Peace Corps volunteers, etc.
People whose job it is to hobnob with other high-paid execs over expensive lunches and give orders should be at the bottom of the pay ladder, not at the top.
Why do they deserve that much compensation exactly?
The people who to my mind deserve high compensation are people who are risking their lives to help people, such as firefighters (who are often sadly volunteers and don't get paid anything), front line nurses and doctors, teachers in inner city schools or third world countries, Peace Corps volunteers, etc.
People whose job it is to hobnob with other high-paid execs over expensive lunches and give orders should be at the bottom of the pay ladder, not at the top.