Yes there is a lot of value in someone coming in to manage the demise of a company in a way that doesn't expose people to too much liability
I would say that in C-level roles the real primary thing is your interpersonal skills, your ability to handle and manage very large teams, and any individual's ability to do that job effectively can be secondary to the wider performance of a business. E.g someone can be a very good C-level, in a failing company.
People don't get C-Level roles without having convinced a large group of people with huge amounts of vested interest that they are up to the job, and better than all the other candidates.
Typically you'll get a free-for-all with a board of senior execs, and quite often a separate meet up with the chairman with key investors getting some face time too.
In one large company I worked at there's a chairman whose main role is to sit between the CEO/board chairman and the major investors, monitor performance of the group CEO, fire and research and qualify new CEOs if needed.
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