Re: Wrong
I think there is some confusion here between accountability and responsibility. The CEO is accountable not responsible. Responsibility is what you pay people to take off you...aka a job. Accountability is where the buck stops.
Unless the CEO infects his own business with ransomware, he can't be held responsible but he can be held accountable for the actions of those directly beneath him.
Responsibility goes down the chain, accountability goes up the chain.
The janitor is responsible for ensuring the floors of the corridor are clean, but his manager is accountable if the janitor fails in his responsibility.
The CEO is responsible for ensuring the company mission is being executed and the company is heading in the right direction, the shareholders / board of directors are accountable if he fails. In the case of the company tech position, the CTO is accountable for it and the IT department is responsible for it.
Neither accountability or responsibility move up or down infinitely.
How you quantify "blame" is by figuring out why the wheels fell off. Was it an engineering oversight (The people installing the wheels were incompetent)?, was it a financial oversight (bolts were too cheap and not up to the job)? Was it an executive oversight (the engineering was fine, and the bolts were fine, but no QA process was put in place to pick up faults?), was it a managerial oversight (someone was let go and he was able to sabotage the last few wheels he installed because his exit from the company wasn't controlled)?
It can be just as difficult for a CEO to get a message to go down hill as it is for the dinner lady to get a message to go up hill.
In my opinion, the buck stops where the financial decisions are made. I don't think there is a CEO on Earth that doesn't want their business to be secure and to run smoothly. The only people in a business that think they're bulletproof that are incentivised to cut corners at any cost are the beancounters and shareholders.
I think it would be much more appropriate to fire the CFO and take the shares off shareholders (and forbid them holding shares in anything for a period of time, or forever if they appear to be consistently invested in companies that go to shit on their watch).
You need to spike the financial stakeholders...because firing the CEO and throwing him in jail allows the shareholders etc to clear the decks and keep the status quo. You will never get any improvement.
"Don't worry guys, the CEO has been ejected and jailed, we're a different business now, honest!"
However, if you force the investors to surrender their shares and equity, you'll suddenly find that it is in the shareholders interest to ensure the business is solid as well as profitable and therefore less corners will be cut...at the moment shareholders, stakeholders etc have no responsibility or accountability and they tend to sway the decisions made in most businesses.
It's either that or the board/shareholders should be removed from any executive decision making...especially if their motives are not in line with the interests of the business.
Nothing would please me more than investors/shareholders/stakeholders getting a kick in the bollocks and a financial scrotum waxing in the event of a major cock up.
Directors can be struck off if they consistently rub up against the law, however, shareholders can never be struck off no matter how toxic their influence is over the businesses they invest in.