Earlier quoted context omitted.
The question isn’t whether they want it is whether they have a business need, as with any employee. The CEO of vocal cola has no business need to know the secret formula. Giving it to him has no upside only downside, so you don’t.
So who gets the formula? A chemist with no vested interest? I have no clue why a CEO would be untrustworthy when any other employer wouldn’t be.
Semiconductor does this all the time…engineers on team A know only about their process critical gate materials step. Engineers on team B know about their lithography step. They are trained not to disclose and people respect that.