First, I already addressed the main salary point in my original post. I don't need to respond to every random who wants to poke holes. I will address a couple issues you brought up in your reply. Just like I don't presume I know more about software engineering than my candidates, I trust you'll defer to someone who knows recruiting.
--I've yet to see 'reverse headhunting' where you submit your resume to a recruiter and they then go out to find the best possible position for you.
Yeah, this exists - they're "agents" for software engineers (for example). But it's rare and not sustainable.
---In the long term your loyalty has to lie with your repeat customer, the corporation that hires you. Since you are not going to get any repeat business from the individuals that you've placed (unless you're willing to risk that long term relationship, but there are plenty of other recruiters that will be more than happy to play the game again).
You forgot one thing: reputation. If you do best by your client AND candidate, then your candidate sends your referrals, eventually comes to you when he/she becomes a hiring manager, etc.
---I don't particularly care about what you call it, to me it felt more like interacting with a class of buzz-word wielding vultures trying to make money from placing people based on an extremely limited understanding of what makes the tech world tick.
I've heard this before, usually from less level-headed software engineers. Like I said, sales is a different business - we do different things than you guys. I have repeatedly watched as techies have tried and failed to transition into recruiting. There is an extremely low correlation between tech savvy & recruiting success. Recruiting is a people business.
The underlying theme here, again, is that you're lumping every recruiter into your personal bad experiences - like I already said, some are good. That's not a valid approach in this situation.