Actually, there's something worse for a typical company than a typical exec making $250k++ while working 11-3: that same exec working a full day.
if you're a corporate exec making $500k+, the company owns you. When the CEO calls at 2:00 AM Sunday and says, "We've got a problem is Shenzhen", you're on a plane a 6:00 AM, too bad if your daughter's senior recital is 2:00 PM that day.
That's what they want you to think, so you don't hate them or covet their jobs. Ever hear of the complain-brag? It's not true. The politicking involved in getting those jobs is quite competitive, but once you're in the club, it's a pretty easy life if you want it to be. [ETA: being a CEO of a small or mid-sized company, on the other hand, is usually quite demanding.]
