Well, yes. But it depends. I worked for a company which had to go through a re-organization, and in that period we got a new CEO who didn't know anything about the tech, unlike everybody else. But he was great at turning companies around to become profitable, he had done that many times before. So what he did was leaving all technical, marketing, and product decisions to the next level while he worked on getting external funding for as much as possible of our product research and development. He even took on himself to take care of necessary work in people's gardens if that meant they could do some particularly important work on a Saturday, if something critical came up. And finally, his salary was quite a bit less than mine - he said "You're the people doing the work. I don't need that much."
When the ship was turned around to get profitable he left for the next company and did something similar.
