Yeah, what a crazy world where a person who creates 70 jobs after taking on great personal risk and working hard gets rewarded after 10 years. I suppose you'd rather that he never got rich, and didn't even bother to take on risk and work hard and create those jobs in the first place, because why bother if he's just going to make the same money he would otherwise?
As this is HN, surely the argument is along the lines of "he should plough everything into growth and take external investment too". Then, instead of paying himself $1m per annum now, he could have a 10% chance of $100m in 10 years time!
I think his 70 employees probably prefer his existing approach, even when he was taking all the $1m for himself.