Is management for money really true?

A recent article really opened my eyes! Read Rashmi Bansal's article omn rediff.
http://ia.rediff.com/getahead/2006/mar/22rashmi.htm?q=sp&file=.htm
The question is does management really mean lots of money? Like the statistics show? Well i feel there is really something big misssing which the people don't think about!
Quoting the author "As more students with prior work experience started joining the IIMs, it reflected in the salaries and positions being offered. This year's 'top dog' at IIM-Ahmedabad is an IPS officer of the 1988 batch who is joining the RPG group as a CEO, at a compensation of Rs 34 lakhs.
Similarly, Gaurav 'Rs 84 lakhs' Agarwal, is 29 and has an IIT degree, an MS from Berkeley and two years of work experience in the US.Given that the average starting salary for MBAs on Wall Street is $ 100,000 and expected to rise to $300,000 in five years, his $ 193,000 is justified by his past profile. And his future value to the company."
Well so that's where it come to! gaurav didn't get anything which he didn't deserve! And barring a few foregn salaries the average salary will come down to something like 7-8 lakhs for IIM A,B and C ! And much less for others! Let's still take the average salary as 7 lakh!
Now the standard of people that go into the top 10 (-A,B,C) colleges surely are no fools and most of them are engineers from reputed engineering colleges! Considering that the average software salary from good engg colleges are now near 4 lpa, with 2 years experience and suitable changes of job, it can be easily made to 7 lpa
by the end of 2 years!
This thought was passed on to me by Anuradha who desperately wanted to do an MBA but then being in oracle for 2 years, it really didn't become beneficial for her to go anything below A,B and C unless it was management and not anything else she dreamt since the day she was born !
So what is the big deal if it is only about money? And what people say, rise becomes faster, is also doubtful. With the work culture that big MNC's like Intel, NI are bringing to India, you have equal renumeration for technical as well as management profiles.

My conclusion therefore is go for MBA not for money's sake but if you are realy interested in!
But ya, i agree that the above logic may not hold good for those who start off with core manufacturing companies! But then who asks you to go to them if it is money u r interested in?