If C suite employees have wealth in the millions, we are saying they are more of an asset than physical assets

Weird thought but bare with me.

But company stocks are based on the value of a company's holding and possible profit, but we are giving a huge amount of that back to the C-Suite and stock holders (mainly C suite and hedgefunds).By doing that, it means the stock value isn't based in physical assets and actual things right?It means people think the value held is in the least productive employees who are still able to die unexpectedly.

Its not a real asset to build on.Does that mean if we see a huge CEO die the price will plummet as their main asset is gone?