I expect he means rank and file employees including middle management vs. Execs, which is probably limited to the set of people who are VP or above. (maybe Director, but I think the data would disagree).
Yes, I was generally draw the line at the same point, although I expect Director is in there too. Much of the director and above remuneration is in stock and bonuses which benefits disproportionately from profit.
From what I've seen, director level compensation follows mostly the same structure as non-director compensation, but with the dials turned up in much the same way. That is to say, L5 -> L6, L6 -> L7, and L7 -> L8/Director modify your compensation structure in similar ways.
This ignores things like truly discretionary cash bonuses and one-time stock grants which exist, but I'd have no visibility into.
> This ignores things like truly discretionary cash bonuses and one-time stock grants which exist, but I'd have no visibility into.
Having played at that level my experience was that generally they start at 100% of your 'base' salary and go up from there. Much of the knobs are intentionally opaque.