If that would happen, sure.
But it wouldn't matter for two reasons. Your average employee might reach management, but the days of there being a career path from the factory floor to the CEO's office are long gone. (It wasn't very often the case to start with anyway.) We're talking about executives, not your average floor manager position that an employee might have a chance of reaching.
Secondly, the reason I say to cut it in half is because these people make tons of money. Are you telling me you'd take the position for $3 million a year, but $1.5 million just wouldn't cut it? Because I suspect most of these lower level employees would be overjoyed to take it at the $1.5 million level.
There is no excuse for the people at the top making that much while paying employees starvation wages.