It's his company, he can do whatever he wants within the law.
But I'd be curious to see if he's still got a business after 5-10 years or even 1-2 years in a low-margin business if he's paying everybody $70k when many should be making far less (when compared to their peers at other companies).
Buffett and Soros are hypocrites who are deceptive about their taxes and other things. Buffett has also always been very smart in that he's paid himself very little, spent very little, lived frugally, and invested and reinvested almost everything he's ever made.
As for CEO pay, if it's in stock appreciation, performance bonuses, and taken largely or entirely in stock / options in lieu of a huge cash guarantee every year no matter what, I have no issue with them making tens of millions or more a year. Let the sky be the limit if they choose a $1 a year base salary and take everything else in stock and options - hopefully they earn 8, 9, or 10 figures in a good year for the company and the shareholders. Better yet if they're actually BUYING stock themselves.
Why is everybody mad when Lloyd Blankfein makes $25-50 mil (mostly in stock / options, stock appreciation, and performance bonuses) when Goldman Sachs earns tens of billions and their stock is up double digits? Why aren't the libs also mad at athletes and celebs making similar money?