>I personally don't understand this "redistribute CEO income across all employees" mentality because in reality there are very rare occasions where distributing the income leads to any substantial raise in the living standards of the employees.
Who are you to make this judgement? Would you feel the same way if you were being considered for a payout? And how does paying Marissa Mayer all that extra money raise her standard of living? Paying out windfalls more equitably is itself a worthy thing. Sure, some of the money will be "wasted," but it's not for you to judge whether anyone is worthy.