Shouldn't everyone's pay be automatically increased via bonuses or equity grants when the company does well? Why should that only be limited to executives, when

Shouldn't everyone's pay be automatically increased via bonuses or equity grants when the company does well? Why should that only be limited to executives, when the workers are actually producing increased value? You really call attention to the reality that execs can handle automatic penalties/rewards because their pay is so many multiples higher than employee pay. On the other hand, there's really no reason one couldn't reject that as nonsense, eliminate penalties altogether, place executive pay at a significantly lower multiplier, and then share rewards equitably among everyone.