Yep. Founders would likely be on the board and just give themselves different titles from CEO if they really cared, so it shouldn't impact startups.
Prediction: Many lower-paid staff will be outsourced (Think Apple and Foxconn; Think big companies and their outsourced cleaning company).
Currently, typically things like cleaning staff, internal mail, dining get outsourced. Expect customer support to also start getting outsourced. The unfortunate thing is that now there would be a middle-person also collecting a spread from the company/worker (but to the company, the spread will be lower than the tax.)
"Lead executor"
"Company Chief"
"Dear Leader"
"Head Director"
"Paramount Leader"
"Viceroy"
"Corporate Emperor"
Emperor for Life
Grand PoohBah