I think they're both actually "We want to have this, but we don't want to pay too much for it just so a CEO can make 10,000x their workers and potentially ALSO still lose money."

How much of the money goes to CEO vs shareholders is something they can work out between themselves.

If the airline goes bankrupt, that just means that the creditors get less than they otherwise expected. That's something to haggle out between creditors and management and shareholders.

(Or do you want to imply that if the shareholders saved money on CEO compensation, they would give the money to ordinary workers?)

Right, but what makes that viable? Something so topheavy ought to go the way of the Irish elk.