The people at the top are doing a lot more of the work, too - a fellow I know from church built his own engineering firm but then sold it to a much larger firm; The contract with the larger firm requires him to stay on to manage the firm, and the new owners are asking him to take on a lot of managerial duties in different offices in the state. He is working a lot more now then when he had his own business.
You're friend is not at the top. To the people at the top if you aren't a multi-billionaire you're a nobody.
You're friend is upper middle class at best and the target of the Wall St. Bankster/FEDGOV Cartel.