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by dnissley
1281 days ago
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This comes up every thread about layoffs -- accepting responsibility means not passing the buck and saying "it was out of our control!" or "this was due to outside circumstance X". The explicit consequences are up to the owners of the company, not the court of public opinion. The owners wouldn't be beyond their rights to demand the CEO's resignation, although neither are they obligated to do that either since everyone makes mistakes. And as others have pointed out there are implicit consequences as well -- less trust from remaining employees, etc. |
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Unless there is someone else who can do better job, it doesn't make sense for him to step down. However, I do wonder if it would appeasing to take voluntary pay cut as a more visible form of taking responsibility. Just a thought.