No, they didn't. The executive in charge had no freaking idea what was going on, at all. As noted earlier in the threads, it was a music major with no experience, they hired a fall guy/gal - please dont say stuff you have no idea about.

What do you think an exec's job is? Watch TV and hope for the best?

Nope, the people that were 2 levels under execs hired them

Execs hired incompetent (or maybe just "profit oriented") management and that incompetence trickled down to the bottom.