A CEO also owes it to their employees and investors to let everyone have a massive payday.
X
Presumably companies generate value for shareholders by selling things to customers and generating profits, which makes customers the ultimate beneficiaries. What companies are you thinking of that ignores their customers' needs completely and are still quite successful and valuable for shareholders?
Employees don't automatically have the same motivations as the investors.
If you want an employee with exactly the same motivation as an investor, hire an embezzler.