[teawrecks]

The employees are all likely shareholders. It is the shareholder's duty to themselves to demand that the CEO be held accountable.

[ameister14]

No it isn't. Shareholders have power over the board, not directly over the officers. It's a shareholder's duty to oversee the board's actions and it's the board's duty to oversee the CEO.

Since this is a closely held company there are different rules as well.