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I have no idea why they were fired or who fired them - I just know that they were fired.
Bombast had a lot of helplessly incompetent (and sometimes clinically insane) executives running things, but they never lasted that long. There seemed to be some sort of Avenging Angel of Death wandering the Bombast Center and culling the more useless examples of management. My bowtie-wearing boss was one of these and certainly deserved the axe, but I don't know if this was true of the other members of the bowtie brigade.