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How about you replace the CEO with Ai and give the employees a pay raise with all that money saved!
The only thing that matters is creating value for the share-holder (this is how public corporations work). If you can convince the share-holders that AI can perform the job better than executives, they will demand executives and their board of directors be replaced on the spot. Share-holders care about one thing, maximizing returns on investment. They will never favour the average employee as they see them as red numbers on the balance sheet. All the employees need to do is buy up all the shares and they can make this happen. Pretty unlikely scenario unfortunately, but one can dream.