I always find it fascinating in discussions like these that no-one ever, ever uses the word "greed". Or the word "ethics". 
Who in the wide world NEEDS $28M a year? 
Who in the world is worth more than (whatever the current figure is) times the worth of their average employee?
When did we, as a society, become so damned by the value, the belief, that more & more & more & more is sound thinking, sound living, acceptable, admirable--sane?
"WE are all entitled to look after & represent our direct personal interests". 
Dear heaven. There are children who are hungry, homeless, sick, under-educated, & hopeless in our country, in our communities. 
There are homeless people. 
There are people with acute mental health & (dare I say it) substance use problems. 
There are people living with violence at home, because they have no way out. 
If you don't like the "Nanny State", you might just want to think about various alternatives. Like less greed. More compassion. More generosity. And less greed.