Zuck already doesn't get any salary or bonus.

Wouldn't that mostly impact just the executives and not Mark Zuckerberg himself? He did seem to get a 23 million dollar bonus last year, but that's peanuts compared to his net worth.

Agreed. If I fuck up and fire people, I'm not taking home a bonus.

AFAIK Facebook ownership has been setup in a way that nobody can fire Zuck, and investors were fully aware of it when investing.

> There was a time when investors/the board could fire a CEO making terrible decisions

This is still by far the most common case, and in fact it is probably becoming more common because large index funds have recently increased requirements related to ownership share structuring (https://corpgov.law.harvard.edu/2017/08/05/sp-and-ftse-russe...).

In this specific case though, the investors knew that Zuck had complete control and they decided to invest regardless, so I do not have any sympathy for their complaints.

Have you ever quit your job over a mistake you made - say a bug you introduced in your code? That would also be taking responsibility.

What does zuck losing his job look like? He just stops collecting a salary? His stock stops vesting? Does he have to relinquish all his ownership? I can’t imagine anything short of that would affect him in any appreciable way, and that doesn’t seem like a reasonable result of “getting fired.” If I got fired today, all my stock would still belong to me.

> Admit that you either no longer know how to steer the ship

This makes the assumption that the current path was the only, and best, path, and that the CEO doesn't see a better path in the distance, or some danger immediately ahead.

Most of the big tech companies were made by people who ignored the crowds yelling at them to keep going straight. And, many of the failed behemoths of today did just that.