An older gentleman was hired by my company and started this week. He's very knowledgeable and experienced, so while doing some training on our system I asked him about his previous jobs.
He went on to tell me about how in the early 2000s he managed a couple successful AT&T stores. His total pre-tax take home (salary, bonuses, etc) was over $140k. They offered him the same job again a few years ago for $60k, and were surprised he didn't jump at the opportunity.
I'm constantly surprised at the absolute lack of understanding by companies, even when I should know better. Even though they acknowledged that he was a valuable employee and had decades of experience, they still go on to low-ball as if it's a “favor” to get a mediocre offer.