Probably because C-levels almost always get disproportionate parachutes regardless of performance.

At higher levels you usually have insight that these things are coming and can negotiate retention bonuses and other benefits, or threaten to walk (sinking shop and all), and I think it's likely, so I asked the question....

> The company is shutting down. I'd bet you a lot of money nobody gets anything.

Let's define a lot and then I'll take this bet.