Maybe Zimmel was trying to tell the board they weren't doing their job and the board decided that getting rid of him was far easier than dealing with the real problem.
pert_3 Are you kidding about the time, look at the last four years of Apollo and Avon. Both CEO's are still there and their stock has gone from the twenties to $7 and $3. And one of them is paid $25 million
Retention Contracts to ensure that a buyer will have the top staff well beyond the acquisition. Quite normal and necessary for a sale.