[glenstein]

>*This is a developing story and will be updated.

Hard to know what to say without engaging in the very speculation they are hoping to avoid. But apparently there's more details coming.

In the absence of those though, this feels rare to me, for such a thing to either (1) happen at all or to (2) have this degree of visibility.

Are high level executives getting fired all the time for violating internal company policies that are something short of being against the law, and we're just not hearing about it? I suspect not, or at least, when they are there is not often press releases about it.

[zdragnar]

I've seen execs come and go at several companies.

Usually, one is gently but firmly pushed out. The charade of them resigning helps them save face in a job where reputation is important. They are also less likely to speak ill of the company afterwards (especially if a severance of some sort requires silence).

Actually outright firing is more rare, since the company loses any leverage over their behavior afterwards. I've seen it happen, but only once.