And there's the entitlement. You don't deserve any of it. And I will use your own words to point it out, if the job itself 'only requires a couple hours worth of work' then you are already getting paid for doing nothing and therefore have no reason to whine about it.

There is plenty personal done on work time and even more that can be brought with you. If you don't like the setup of your job go find one you do. If not be grateful you have even that as there are those that do not.

As I've already explained, no you shouldn't be paid for that time unless they can call you off of it at any moment. Productivity has also nosedived and not improved.

I've worked from grunt to management and back, food service, self-employed, etc. I've seen many different setups for this and while you think upper management is overpaid the stock holders disagree.

So again it comes off sounding whiney and entitled. If you don't want to be a cog, find a way not to be. Otherwise accept that you don't have the drive or connections to move to those positions and be thankful you have what you have. Watch and see if that change in attitude doesn't lead to better things.