I've seen the opposite far more than what you are implying.
It is a lot easier for the board to fire the execs, once you get to C-level it is practically a revolving door (and why a lot of them have contracts).
Let me tell you right now, the CEO of BP was not the one making bad decisions on the oil rig. He probably didn't have a clue about what was happening on any given day on any given rig considering they own thousands. But he was gone a heck of a lot faster than whoever it was that made the decisions that blew the place up and killed 11 people.
It is a lot easier for the board to fire the execs, once you get to C-level it is practically a revolving door (and why a lot of them have contracts).
Let me tell you right now, the CEO of BP was not the one making bad decisions on the oil rig. He probably didn't have a clue about what was happening on any given day on any given rig considering they own thousands. But he was gone a heck of a lot faster than whoever it was that made the decisions that blew the place up and killed 11 people.