The Chantelle Theory of Executive Pay

Chris Dillow
Stumbling and Mumbling, March 2006
http://stumblingandmumbling.typepad.com/stumbling_and_mumbling/2006/03/inequality_the_.html

there are sharply increasing returns to ability. This is why, say, Beyonce, earns millions more than singers who are only slightly less talented or beautiful than her...
[but]
consumers need some common culture, and their desire for idols leads them to converge sometimes upon people/cards of modest ability; think Chantelle
...
Are top-earning chief executives Beyonces or Chantelles?