Honest question. Would a CEO be that desperate to keep his job? I imagine Parag can walk away with plenty after the buyout and do something else that he likes.
I imagine it's a pretty intense job that takes up most of your life and permeates your sense of identity. Everything you said can be true and I'd still expect a CEO to be very strongly attached to their position.
CEOs typically don't apply for jobs, they can't walk into a company's Career page an apply as a CEO; they are headhunted by specialized headhunter.
Yes, CEO is desperate to keep their job because if they were to let go, they won't score a much higher profile job than their current; they'd be gone to a lower rank companies bidding their luck.