This is confidently repeated but extremely misleading claim that seems to pop up ad nauseam in the comment sections. They spend more now on development than they ever have in their history, and the CEO spending is something like 1.6% of the budget, which I don't love, but which is not enough to sustain the narrative of all the money being siphoned into executives.

They also break down spending into a pie chart of different types and development gets more than anything. If you look at their actual budget or the published changes to new releases it tells a different story than vibes based internet comment sections. But you have be approaching conversations in an open-to-new-information kind of way.