Like it or loathe it, managers tend not to be considered as employees in the same context as us ordinary chaps. They'll do their job and get paid their massive salaries and then either get sacked or move onto another company.
Don't get me wrong I don't like the management pay situation anymore than u do, I just put up with it and accept it as long as they are doing a good job. I don't work for your company so I really can't comment and what might be imposed on you all.
But of E & C I do agree with you and can empathise with your situation