Over the years, several CEOs have worked for nothing or for $1 a year while their companies were in deep financial trouble. Yes, these CEOs have have gotten stock options in lieu of pay but their "payoff" then was certainly tied to the success of the company. IOW, a pay for performance.
Have you ever heard an elected Federal official offer to give up his/her salary for a year or more until the budget is balanced? How about passing a law to do just that? No taxpayer paid salary, no taxpayer paid pension and no taxpayer paid healthcare until the budget is balanced and the Federal debt is gon.