Not only that, Executive pay especially in tech has increased every year for a decade on the % of compensation given in equity

There is some merit in my opinion to be willing as the CEO to bet your own earnings on the company and your ability to lead it, and then they profit when their employees do too because as you mentioned equity is almost a given in tech

If you are saving for a home purchase and want something that does not carry risk; you should absolutely be in some 6 month / 1 year T bills. (US Treasury bills)

They are Government insured meaning the government guarantees you your investment back and they are giving 5% interest rates for borrowing your money.

You can use a ladder of bills, or lump into one. Your money will grow safely and that is something I am personally doing during a time when the markets are volatile or more riskier than I am willing to be with money for a home purchase.