It makes a lot more sense to replace CEOs with AI. They can hold a lot of context at once, can access company data instantly, and probably would cost an order of magnitude less.
As for the Machiavellian scheming aspect, this seems to me to be very much like the operations of some real-world human CEOs.
[0] https://news.sky.com/story/claude-opus-4-6-this-ai-just-pass...