They're all perfectly intelligent people. Under a different arrangement, a form of worker-elected committee could run the company just fine.
This is nonsense. Committees are not efficient or effective forms of leadership for many types of organizations. Armies have generals, states have governors, companies have CEOs, etc for good reason. In many critical cases, someone needs to be able to be able to make swift decisions, resolve or override disagreements, and set strategy.
Also, why is the position of CEO even in question here? I don't think Tim Cook has a billion dollars. Maybe Spross is confusing founders with CEOs.