It's debatable whether he would even make as much as he gets paid currently, in that scenario.
According to AI boosters he should be able to make magnitude more now
Even if you don’t like the concept of co-ops it’s fairly easy to ask yourself if you would you be more or less motivated if you shared more in the success of a company rather than it being sucked up by shareholders?
And you do it to provide the product/service, provide for your workers, etc
Would love to see just one example of a billion+ valuation company with nothing but C-suite and that against the ratio of companies with 1000+ employees who are worth a billion+. The only two sub-dozen workers that come to mind for me are Theranos and Bernie Madoff and I'm not sure they are examples of success.