In this case, Citibank and others are only technically not in bankruptcy. If this was 1929 their stock would probably go to 12 cents a share or something. Nobody, including CEO, would get any money without approval of the bankruptcy judge. But the company today is on government's life support. It seems that we still would need to ask some judge as to how much money to pay everybody there.
Also, stop talking about the present CEO's as some meritocracy of people "who know how to get job done". There are few of these but most of them just securely climbed the corporate ladder with a lot of irrelevant factors helping them. Most of them could be safely replaced with other guys and nobody would see a difference.
So, let us stop the corporate socialism and introduce the capitalist notion of cruel personal responsibility. The working people who do not do the job well get fired. No mercy for their supervisors and CEO's.
By the way, a Republican today stated that these companies will not do well as long as the government owns interest in them. As if they got there by performing well in the first place, my friend.