Maybe I'm missing something but this bothered me

[Moosepoop]

41. Yes

https://www.masterclass.com/articles/what-is-an-executive-producer-whats-the-difference-between-an-executive-producer-and-producer#key-responsibilities-of-an-executive-producer-during-preproduction

What Is an Executive Producer?

The executive producer is the person who sources and secures the financing for a film production, either through an independent financing company, through a studio, or by financing it themselves. The executive producer’s biggest priority is making sure there is enough money to complete the project.

Key Responsibilities of an Executive Producer During Pre-Production

Development is the first phase of the filmmaking process, during which time the executive producer(s) explore financing, secure talent, hire producers, and set a budget.

Secure funding: The executive producer must secure funding for a feature film and can do so in several ways:
Finance the film themselves.
Seek out financing from other individuals or financial entities, like production companies or film investment firms.
If the studios pays for a film, it is the EP’s job to present the budget to the studio, with potential overage and projected profit, in order to get funding approval.

Attach talent: The executive producer may pursue “marquee talent”—that is, A-list actors or an acclaimed director—to be a part of the film, making it more enticing to studio buyers or financiers. They also help negotiate the contracts for these stars.

Hire producers: Once the executive producer has secured the funding, they hire producers. (Though bear in mind that in some cases, the producer actually comes on first and works to hire the executive producer). In either case, producers reports to the executive producer.

Approve the budget: The line producer breaks down the script to create the budget. They then present it to the executive producer and producer for approval. Depending on the line producer’s proposed budget, the executive producer may have to raise more funds or put up more of their own.