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of executive comp in public companies over $1 million, so it made it so that virtually every company has a base under $1 million and then significant portions of comp tied to equity and other performance metrics.

My take is to do something similar for colleges. The assholes who run these things are raiding them like unattended kids in a candy store. Again, I have no problem with someone making $25 million in a year, they just better earn it. These long tail buyouts are utterly ridiculous and in light of the portal no coach needs a 8 or 10 year contract anymore, but the only way to stop the abuse of these public and tax exempt organizations is for the feds to impose some sort of sanity through the tax code because if left to their own devices these pricks will raid and pick over every school in the country. This is a classic collective action problem coupled with massive grifting that I have no problem with Uncle Sugar trying to stop.