4 ms·

If you step down, you save face. If you're fired, the company saves face.

• weego 14y ago
  Though sometimes firing leads to the "Chaos at the top at Company X" which shareholders really don't like. Resigning is usually win/win at CEO level.
  • protomyth 14y ago
    If the company cannot handle getting a C-level executive to resign, then it is well and truly screwed.
  • gte910h 14y ago
    ESpecially since you're almost always a major stockholder