Time and again, we see CEOs and similar executives make horrible decisions that massively damage a company both financially and in terms of reputation and the perpetrator is forced to resign, yet receives so much money as a going away present you’d think they’re being rewarded for their fuck up. Why??
Usually because it was the result of part of the contract when they took the job. “Golden parachute if we ever fire you” is a reward for joining the company, it isn’t decided when they are fired.