Earlier quoted context omitted.
Well, he could just use it himself, e.g. if he at least wants to keep a rather clean image on paper, and maybe the biggest trouble isn't even public knowledge yet.
Indeed, at least to a certain degree. You'd expect a CEO being fired over such a technicality to at least fight back, instead of fully cooperating.
Would you want to be fired for...?
A) Being a bad CEO who can't produce profits
B) Having an inappropriate relationship with an employee
For Mark Hurd, he was able to transition from one great job into another, CEO of Oracle, even after the embarrassment of (B).