C levels work for the board, which works for the shareholders. The rest of the company works for the C levels. Companies go on cost reductions to increase sha

C levels work for the board, which works for the shareholders. The rest of the company works for the C levels. Companies go on cost reductions to increase shareholder returns. Of course C level pay will be impacted - positively, because they know the C level is going to be shit on by employees, and they’ll need them to stay around to properly insulate them from it and implement what they want.