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You're right... but it's also not at all close to that.

Don't worry, they'll fail upwards like many other executives who leave dumpster fires behind them.

Remember, though, conveniently, according to other executives, there's "only a limited number of people with the skills to be CEOs! So we have to pay them so much!"

CEOs who resign in disgrace do not actually do that well. Even on PR terms alone, it's a bad look to hire one as your CEO, even if they can make a good case that they "fell on their sword" rather than actually caused the catastrophe.

Are there examples of this?

I imagine it hurts his reputation going forward, but $2M is enough to immediately retire on and live a comfortable (but not exorbitant) life

Yea. Poor guy. Having to stuff $2 million dollars into a measly cardboard box. I'll be he feels very chagrined and therefore I can relate to him now. :|