Yeah, over my career I've seen multiple c-suite bounce from company to company getting gently pushed out each time but still collecting massive packages (with the vacation houses and yachts to prove it).
Once you reach a certain level, you get treated with kid gloves. Even with the sword hanging over you, they don't out right fire you, they work out a deal where you "wanted to spend more time with family".
It's because at a certain level you have valuable relationships people want to protect, enough wealth to make decisions without it personally affecting you in a real way (i.e. homelessness, loss of medical care, etc), and information about how the company "really works" that could be valuable to the competition or a tell-all story for the media.
Basically, if you're rich, you're a "real person" and if you're not you're an ant.
Once you reach a certain level, you get treated with kid gloves. Even with the sword hanging over you, they don't out right fire you, they work out a deal where you "wanted to spend more time with family".