Bud Selig - $18.4M in 2011 to continue to run baseball into the ground, get surpassed by other sports and raped by the NFL. His incompetence is legendary - where is baseball now in the country, fourth-fifth behind NFL, CFB, NASCAR and NBA? The bottom of the barrel teams in MLB (Pittsburgh, KC), in terms of overall worth, have seen a 6-8% increase over the last decade or so while the bottom of the NFL (Arizona) have experienced a 650% increase.
I believe only 11-12 players make more than Selig in annual base salary. If someone ran a major corporation this way they would have been terminated long ago- not have a 20 year run.