Re: Highest costs first
Whilst it would help to some extent, replacing the CEO and senior management with cheaper replacements wouldn't save that much as there are relatively few senior executives on seriously big money.
Where there are big savings to be made is in 'middle management' - the L3/L4/L5 layers. There are hundreds/thousands of people in these positions earning large salaries but it isn't clear exactly what they do. Filleting those layers would make significant savings.