I had an accounting professor who liked to say “If you become an accountant at a company or CEO, you have 3 weeks to find the dirty laundry. After that it becomes your responsibility, and your problem.”
Methinks your accounting professor never was a CEO. It took me a lot longer than 3 weeks at my new job to understand the key structures in the application I work on.
And yet problems that appeared were yours, no?
Yep, like a company culture they weren’t fixable in a couple months.
That's a pretty safe supposition no matter what he said. Risk preference is real. There is very little overlap between the set of CEOs and the set of accounting professors.
Your anecdotal evidence beats out a professor, sure.