The question isn't "are they valuable" though. The question was "how much should they be paid". There are people in labs, technical committees and various other key institiutions who create untold billions of dollars in value far in excess of what Jobs did. I doubt Alexander Fleming made money in proportion to the value of his contribution.

I don't necessarily disagree with how CEOs are paid. But I do disagree with the idea that value factors into the conversation somehow. Nobody is paid based on their value except by accident.