When there is tech, there is a de-facto CTO, does not really matter what title is used for the role. There might be some companies where the tasks are clearly d

When there is tech, there is a de-facto CTO, does not really matter what title is used for the role. There might be some companies where the tasks are clearly divvied up between different people, but usually the gravity is in some one person. For me this sounds like an attempt to devalue work a de-facto CTO is doing without having to actually pony up money/equity for it. In other words; someone has the responsibility that belongs with the role CTO but she is 'just a capable dev' pushed into that role without getting the rewards that belong with it.