Sorry Dennis but it is very clear to me that you don't understand this industry. There are managers who out perform the market over the long term. But these people don't generally invest for the retail clients. Institutional clients are more demanding and managers have to outperform the market. They get paid what the market determines. Your opinion means nothing.
Another comment of yours is  that institutional investors like that of Teachers would except poor performance from a CEO. The CEOs who makes the head of Ontario teachers look bad for investing in that firm would have his head handed to him on a patter. Teachers has the characteristics of a greedy capitalist robber baron. 

Yes there are people I feel have made too much money. Some hedge fund managers in the US made 1 billion in income. Makes the 7 million look puny.
A good comparison would be like telling Austin Matthews that he can only make 20 times the salary of the lowest paid leaf employees. Watch him leave asap.