This was far more of an option in the 1980s and earlier; a CEO being compensated 20-30x a line employee was pretty standard around then; now it's closer to 250-300x. I think there's more optionality than we may assume, we've just left the structural incentives that drive that difference in place.
CEO is selected by the investors for whoever will side with the investors 100% of the time over every other group including employees
What you suggest would subvert this and so it won’t and can’t happen