Earlier quoted context omitted.
This is a problem that could be solved with serious penalties (say, 20 years in prison for executives involved) and serious enforcement.
It's really not though. All that money goes somewhere, and not just in their pockets. Some goes to make sure that serious penalties and serious enforcement doesn't happen, because that too is another avenue of ensuring maximum profit.
https://www.epi.org/publication/ceo-pay-in-2022/
The average CEO nowadays is paid 344 times more than an average worker, while in 1978 this figure was "only" 21 times.
And indeed, lots of it goes to prevent serious penalties, like lawyering-up, lobbying, (deceitful) media campaigns, bribing "scientists" and "doctors", etc. Just look at Big Tobacco's playbook: https://en.wikipedia.org/wiki/A_Frank_Statement and see it playing out with Big Oil and climate change, Big Chem (PFAS in our water), etc etc. And, let's not forget Big Tech, with companies like Twitter/X where fascism now thrives, and Instagram/TikTok/Whatever who mine our attention.
These companies have grown, much like tumors, to be overly powerful, overly protected, and overly influential. And they wreck havoc on our societies and planet. Their attempts of "self-regulation" are laughable, and so far also laughable have been our governments' attempts to reign them in.
My point is that the kind of corp feudalism we see now is a direct following of unrestrained capitalism/libertarianism. Unless we reign in the companies, break them down, make them pay fair wages and hold them responsible for their societal and environmental impact, we will drown in our own garbage.
And yes, it's capitalism to blame, a philosophy where you optimize only for profit, throwing all other values out the window, in the hope that the (non-existent) "invisible hand" of the market will somehow fix everything magically.