To the guys calling me an idiot: you have fallen into the trap of seeing just what you want to see.
To others: nice discussion and I thank you for participation. Many interesting thoughts have been generated as a result of my original post and I am now convinced that while the idea suits well for science fiction stories it has no place in the capitalistic world.
I would also like to emphasize that what I brought up is actually already present in a form of CEO mortality. For example, Apple sort of died with Jobs.
AAPL capitalization when Jobs died (Oct 2011) was ~ $325B. AAPL capitalization today is over $600B. Yep, Apple sort of died.