The CEO of Toyoda is becoming the chairman of their board, that doesn't feel like a CEO being replaced as punishment for poor performance in the way that people are talking about in this thread. But even when CEOs are fully ousted over issues, the golden parachute makes it barely feel like a punishment anyway. I'm having trouble thinking of a case where a CEO actually seemed to be significantly financially impacted by such an event, though maybe FTX will provide an example shortly.
Do you think that honestly matters in the 10s of millions of dollars range? I certainly don't. The problematic parachutes in question are beyond enough for an excessively wealthy standard of living for the rest of their natural lives, even if it's proportionally smaller. Whether or not CEO comp should be as high as it currently is is another question entirely.
