[lcedp]

> The simple answer? They can afford it.

I'm honestly not trying to nitpick, but the explanation "they do X because they can X" is not a good one. Being able to do X is a prerequisite for doing X, but it is not a sufficient condition. Why do they choose to, though? Perhaps, a part of it is vanity, but

> nothing to do with your skills

is a bit much. I might assure you, a FAANG interview requires certain skills[1], and it's easy to fail or be "downleveled" to a lower salary.

[1] - not to discourage anyone from trying to, you just need to put in some time and work.