Then, this should be agreed before taking the CEO role. If a company decides to reduce my compensation mid way, I will be freaking flipped. In this case, they

Then, this should be agreed before taking the CEO role. If a company decides to reduce my compensation mid way, I will be freaking flipped. In this case, they could reduce the CEO's salary, but then it would go into the situation whether twilio would be better with a new CEO given the current CEO's performance in the past 10y. The answer would be a huge no.