$350K is lower than A LOT of individual contributors like lawyers, hedge fund traders, investment bankers and even software engineers (those in Meta and Google).

There was an eye surgeon MP who said:

"If the annual salary of the Minister of Information, Communication and Arts is only $500,000, it may pose some problems when he discuss policies with media CEOs who earn millions of dollars because they need not listen to the minister's ideas and proposals. Hence, a reasonable payout will help to maintain a bit of dignity."

So the CEO you cited doesn't have much dignity.