Your stance that the most competent people are paid the most is the kind of toxic capitalism that got us into this situation. Nobody is helped by this except the egos of the donators and the pockets of whoever is in charge.
That's not the stance though. The stance is that administrative costs isn't what matters. Impact is what matters. Sometimes impact requires more administration, sometimes it doesn't. But impact is something that we can measure, so why use a bad heuristic instead?