>If you permanently eliminate the CEO position, there is multiple orders of magnitude greater impact to the company.

Then why do companies with flat hierarchies exist and operate just fine? You don't need someone at the top because you don't need a top.

See:

* http://mariewiere.com/2012/03/04/a-company-that-manages-with...

* http://agile-commentary.blogspot.co.uk/2009/09/bees-self-org...

The interesting thing about people, and any social, intelligent agents is that they self-organize.

Even bees (intelligent, social agents) do this:

http://www.pnas.org/content/96/22/12611.full

So do ants:

http://en.wikipedia.org/wiki/Patterns_of_self-organization_i...

We can even manage traffic without direction:

http://thecityfix.com/blog/naked-streets-without-traffic-lig...

The biggest myths of our societies are that we need a hierarchy, directions and managers. We're quite capable of leading ourselves and getting everything done. And more efficiently, no less.