Yes. Presidents and CEO's are entirely different roles and have entirely different legal obligations. CEO's and CFO's have significantly more fiduciary responsibilities to investors, shareholders and board members. The president of the USA has responsibilities to uphold the constitution, act as the commander and chief to the military, faithfully execute the laws among a myriad of other executive tasks.
Starve the beast https://en.wikipedia.org/wiki/Starve_the_beast