[throwaway1980s]

The moral factor hits home, as if I did this, then one of us would be out of a job, regardless. It feels like a failure regardless of the outcome.

I also know from prior conversations that it would result in me being the one walking, as while my position is important and my tenure at the company longer, I would be easier to replace vs Jerry.

[lostdog]

It is a failure, but it's not your failure. Your boss failed to bring about a positive outcome, and the only thing in your power is to deprive them of an employee that they clearly don't deserve. Good luck!