No, that is not what happened. Political activists inside companies have gained power as a result of the 'long march through the institutions [1] which they have been using to enforce their ideology in rigid fashion. This started in the lunch rooms but eventually reached all the way to the top. Eich, like many other CEO's was replaced by a political activist - in this case Mitchell Baker - who used her position to further her ideological goals while simultaneously enriching herself. She is only one of many who is guilty of this type of fiduciary breach of confidence.
The fact that these 'champagne socialists' strut their virtue while filling their coffers - in Dutch this this is called 'links lullen, rechts vullen' (talk left but hoard right) - only makes it all the more galling and clear that their ideology is only a thin veneer over a lust for greed and power [2].
[1] https://www.marcuse.org/herbert/scholarship/2020s/2022-kimba...
[2] That same ideology sees everything in the world as an eternal power game between the oppressive and the oppressed and calls for a permanent revolution against the powerful - i.e. against themselves.
