Then the compensation model is inherently unfair if the rank and file is forced to bear the brunt of bad leadership.
Considering solely risk, sure. There are other relevant inputs. More pertinently, this is why we have public services and safety nets.
If you can convince people that you are deserving of leadership, you have the guts to put yourself on the line in front of tens or hundreds or thousands of people, go ahead. This is your life and the people you are responsible for. If you do this and want to work for peanuts, be my guest. I get paid what the market thinks I’m worth.
> I get paid what the market thinks I’m worth.
It helps when “the market” is your peers who also benefit from benchmarking higher salaries for management.