When people say "literally nothing" I just assume they are exaggerating and adjust it to "nowhere near enough to justify their salaries". No need to argue that point.

The issue here is that if they do a bad job and lose a shit ton of money, they'll just get a golden parachute and live but ruin another company later, and this is the worst case scenario. But if you do a great job under said CEO, you'll get a pink slip and a 1 finger salute

The entire game is rigged for them, heads they win, tails we lose

So, even agreeing they some some work and said work could be important, I still hold zero sympathy since they don't need it, and definitely do not deserve it