Why stop this at the CEOs?

Under this logic, the Captain is in charge of the airplane, so why doesn't do the "honorable" thing and make no more than the jr FA on the plane?

Wait? Those with more reponsibilty are, and ought to be, better compensated. A CEO has more overall responsibilty than a CA. If a poor performing CEO should make less money than shouldn't a poorly peforming Captain make less money too?