We're not at the point where we are replacing all software developers entirely (and will never be without real AGI), but we are definitely at the point where scaling back headcount is possible.

Also, creating software is much more testable and verifiable than what a CEO does. You can usually tell when the code isn't right because it doesn't work or doesn't pass a test. How can you verify that your AI CEO is giving you the right information or planning its business strategy effectively?

It's one of the biggest reasons that software development and art are the two domains in which AI excels. In software you can know when it's right, and in art it doesn't matter if it's right.