Someone who is over paid at their job, to the point that it hurts the rest of the organization. A salary albatross.
"I can't believe the Lakers gave Kobe nearly $50 million over the next two years. He's not even playing! What a salbatross
Other examples include a number of folks w/ corner offices, Albert Pujols, Reese Witherspoon (her films return 40 cents for every dollar she's paid), and any member of the New York Knicks 2013-14 roster.