Sure, which is why I used a ratio to describe the difference. There are indeed a lot of managers who make a lot more than their direct reports. It is not always true. Base salaries would most likely have a higher cap than IC’s, stock grants are based on how replaceable you are within the organisation, then annual bonuses are usually based on the company annual results, your business impact (and a percentage of your base salary) which is why managers usually get higher bonuses. I agree it varies a lot since not all companies offer RSU’s, annual bonuses, etc.