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Let me try again:

The previous CEO of the story wasn't wrong about what's important at all. Only about how much time it takes. He considered everything important and maximum priority, but didn't believe the "previous thing" was taking 80% of the time of the team. I couldn't tell the team to "drop the previous task" like the other post suggested: it was also maximum priority.

"Important" and "Takes too much time" are very different.

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He didn't think it was important to put in the extra time then. He felt adequate results could be achieved with less time, and that the extra time to make sure quality and completeness was up to some standard was unnecessary.

So, try it. See how well you can do in 0.8 times the time. Probably not as well, but maybe still adequate for the boss's standards, or maybe not. Either way the impasse is solved, as both you and your boss will see exactly what can in fact be done in 0.8 the time.

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