I don't think we need to split economic power. I just think the people need to be able to reject economic power over them when they believe it is being misused. That's hard today because economic power is invisible. We can make it visible, then people can decide how they want to let economic power influence their lives.
This is merit capitalism. http://meritcapitalism.com/
And the primary method people use to get and keep this money is through exploitation and abuse generally of workers, tax systems, etc. Which is just icing on the cake beyond the original problem of wealth concentration.
Also we have the notion that people are being paid 300, 400, 1000 times as much as their employees. This is a lie; one person generally isn't worth 1000x as much as another. There are thousands of others who would be able to replace any person in any job with similar results. The money they get is through the manipulation of their wealth, power, and connections to make more, and the Rand-esque 'great man' fallacy where Americans assume industry is driven but supermen and women at the top who truly deserve what they are getting, and not primarily as a collective effort. When a company succeeds, where should the profits of that success go? The wealthy have up until now succeeded in enforcing a deeply capitalist system where all of the profits go to the wealthy and the least possible earnings are divvied up to the peasants who beg and struggle to be allowed to earn from their labor at all.