Perhaps you and I view the world in a different light, but in any organization where there is even some semblance of hierarchy, the manager is, at the end of the day, always responsible.
If management isn’t aware of what’s going on on the factory floor, then that’s definitely a failure of management. If they didn’t receive any signals, management should’ve investigated. If they hired 100% incompetent people they should’ve hired better people.
This statement represents a fundamental failure of management to do its job— To know the whole picture, recognize systemic hazards (both internal and external), and correct them before they become real problems.
If executives face no risk for their decisions, then why do they get such high rewards?
I thought the deal was high-risk/high-reward.
>Management had no information of what was going on the factory floor
Meaning that management failed at their job.
Thing is, bosses aren't going to lose one cent. Wanna bet? The linked article is gently trying to shift the blame to factory floor workers.