By that logic, Sundar's pay is completely justified, as well as the pay cuts for Software Engineers, as more and more people become software engineers every day and available pool of workers continues to increase.
A race to the bottom for engineers at the same time there’s ever-increasing CEO pay is gross. That’s the point.
I think finding a great CEO for the particular strategy and company is harder than we all think. (Yes I know the fault of the previous sentence -- it was on purpose.)