> "... he can't afford to resign."
He can't resign because his job is just that, a job. The management are supposed to be similar to officers in the military, entrusted to handle company matters properly, and are considered to always be on probation. If they fail to maintain personal standards they are expected to walk away on their own.
It's elitist, yes, but it's how society has arranged things forever, so I guess it works, sorta.