Treating CEOs like royalty and tiptoeing around them is something that never sat well with me. Even the politicians prostrate themselves in deference to these people, so who really runs the show?
They are just human beings doing a job, with a job description to meet and duties to discharge. They are no more or less a company employee than Jim in building maintenance or Sophie in HR.
I can also relate to earlier comments about the CEO being disconnected and shielded from the realities of what is really happening on the ground, perhaps being fed nonsense by their inner circle. If this is the case, then surely the CEO is not effectively managing the company. I guess it really can be "lonely at the top" if basically all of your peers are yes people, or various people of similar rank and status. How can you possibly empathise or understand what's happening on the ground?
They also said this about North Korea under the now-deceased Kim Jong Il. Senior officials just lied about stuff (and the lies percolated upwards) because they didn't want a bollocking for things being bad, despite it being bad purely because of Kim Jong Il. And he believed it because he knew no different.