Suppose the board elected a company president and in the first month he did three things, all were completely stupid and very very expensive. Would the board keep the idiot for a full four or five years like national presidents often do? No, he would get his pay up until the end of the contract, in one cheque, and depart. Out of power and out of the company and have no right to return. Good riddance. And the board would take the financial hit for that and cut the costs as quickly as possible.