In case you haven't noticed yet, CEOs and board members all appoint each other on various other corporate boards and in various companies.
Once you're in the inner circle, unless you messed up MAJORLY (i.e. bankrupted a billion dollar company), you'll always be able to get a new gig at some point.
Yes, it's not always a meritocracy - yes, that's how the world works. If I sit on a board, would I rather appoint my buddy, who will have my back? Of course.
As much as I think Marissa did a terrible job, she didn't pick the easiest company to become CEO of. Some CEOs have it easier than other; certain companies run on autopilot and have just a few major competitors.