We had a CEO at my work who blew threw millions of dollars and wasted 3 years on a shitty project that didn't work. He wasn't fired, but given the option to resign, while he spouted nonsense about "moving on to the next stage in his career" and that sort of stuff.Good.
At that level, it’s almost always a resignation - saves face for all parties.
No specific knowledge about this specific case, but in general.
Olsen has most likely already hand picked his stooge.Position to be filled ASAP. Not sure how many quality applicants they'll get, but sounds like Fagan will be around until they get someone.