Sure. Quite. But why not try developing an AI to replace them that can make you a >5x return?
A more useful/practical question would be: what tools can we build to assist CEOs in their decision making and make them more productive? I think the answer will come out as "not much", since the job is so high level and abstract. You'd have a better time targeting lower-skilled jobs or technical jobs like software engineering.
They are called data scientists. An AI would be able to crunch numbers, but someone needs to read and interpret the results. You can't automate that part yet, humans are still the best in interpreting data into social and business context.
Hire people, fire people, pitch investors, manage direct reports across multiple business lines, understand what's going on in the world and market, set a product vision/direction, shape the culture of the org, etc etc. That's AGI territory.
We may be able to formulate our current understanding of what it takes to be a CEO in every feasible future context that we can imagine, and create an agent (not an AGI) that does that.
But then what would happen when the distributions change out of sample in an unforseeable way? Suppose two countries go to war and this drastically changes the operating environment of the business. The agent would need to learn how to operate with human-level capability in this novel environment which it wasn't trained specifically to do. That's why I'm thinking it requires an AGI.
1. What data do you use? Past data of the same company? Data of other companies? Which ones? Past best performers?
2. Actually identifying all pieces of information that are relevant for decision making is a challenge in itself, as we're not talking about internal metrics but also external events and trends. Choosing and collecting all these is a challenge in itself. Moreover, it is not a one-off action, it needs to be reevaluated regularly, i.e. you need to be actively looking for factors influencing the performance of the company. Mind you, not all of them are readily measurable.
3. Part of the work of CEO is creative, i.e. not extrapolating based on past events but looking for completely new avenues and opportunities. Building such a complex system would be extremely expensive, although I agree this challenge is very interesting.
Not to mention the fact that an extremely important job of the CEO is to deal with people, not just the data. This point alone can make a difference between a well- and badly-managed company.
Very creative jobs involving leading people will be the last jobs to fall to automation - assuming that's even possible.
I suspect that if an AI can replace the job of a CEO then all other jobs will be gone as well.
Such a thing would be a utopian outcome. If this kind work can be automated in a humane way, then the vast majority of work can be automated. That means people can be freed to spend every waking moment on art and play.
In a hypothetical future where almost nobody can compete with an AGI and 90% of voters find themselves completely useless in the economy, the proportion of voters who are against redistribution will drop precipitously.
Everyone is allocated the same by the state? A society where no-one has any function to society and where the state allocates resources to individuals sounds more dystopian than utopian to me...
It sounds pretty bad to me as well. Not worse than poverty, but meaningless and boring otherwise. Some people will make their own meaning, but many won't.
It could be argued that the truth is actually the reverse: it would enable most people to find a much deeper meaning, while only an exclusive few (probably mostly pathological people, like sociopaths and narcissists) won't.
Admittedly, I only have anecdotal data on that.
This means that they don't know what to do with that massive windfall, they manage it poorly or are taken advantage of, and end up unhappy. And the ones who do know what to do with it tend to do very boring things (set up iron-clad structured annuities or something, I imagine—I don't claim to have enough financial education to do it well myself!), and we don't hear about them because "guy won $500m 20 years ago, is living a comfortable but unremarkable life now" doesn't sell papers.
Note that this is also very different from how a UBI would affect people, because that would be moderate amounts of money regularly for life (y'know...rather like an iron-clad structured annuity); there's no way to "blow it" and end up with nothing.
People who inherit very large sums of money, but are not themselves born into wealth, are so rare as to be essentially a myth. There certainly aren't enough of them to make a reasonably rigorous sample size for a scientific study.