Comment by discopicante

Executives do not get fired like other employees. They have contracts that usually prevent standard dismissal unless they have done something illegal. When they are 'fired', they are still a protected class. Hence the narrative spin: a new 'ceremonial' role, spending time with family, etc. etc.

Make no mistake, he has been fired. It just looks different than a call with HR or a manager and office security telling you to pack up your $hit and leave.