No, the only thing that matters is what you can negotiate. Since most executives + board vote on their own salaries, which ones have you ever seen negotiated to lower their salaries?

It's an extreme abuse of power, especially since workers are the sole reason why a company is able to succeed or not and they don't get the same privileges as a board + executive.

Not too mention most corporations + startups are setup to encourage the worse forms of human collaboration (dictatorships + centrally planned economies).