Corporate reward

Banks claim that free market forces them to reward their executives extortionate amount as a tool to attract and retain talents and ward off rivals' competition. The assumption then is that people are driven by one thing alone and that is money. Where are other incentives that keep people motivated like corporate ethics, the prestige of being part of successful organisations, personal and professional development opportunities and the passion for what you do?

It seems quite insulting to assume that people can only be incentivised by the amount they are paid. In that sense, these people are reduced to being just a slot machine, with only one purpose in life.