Many of those CEO I've experienced could be replaced with dice just as easily.
1-3: farm out to Accenture/KPMG/PWC/McKinsey/some Vendor to tell us what to do and why. this includes up to most/all of the CEOs day-to-day core job functions
4-5: do whatever the industry standard is. this will likely be the same thing that Accenture tells us to do, but we can implement it sooner and don't have to pay them $900/hr first
6: implement whatever WAG ideas that lower-level managers have; flip a coin to see if those work.