The history of France right after the revolution invalidates this. Napoleon happened. And there was a restoration of the monarchy for a while.
Re:Overpaid CEOs 2019
by baud147258 on Monday February 25, 2019 @04:47AM
(#19244367)
And after the restoration of the monarchy, there was a short republic, then another autocrat, Napoleon III with the second empire.
Until they don't: https://en.wikipedia.org/wiki/French_Revolution