The "We" Pronoun
geofflewis.org
geofflewis.org
First, I believe it builds trust in the department and not the individual. Conversely, failure is is spread among the team (and its resolution) as well.
Of course, this is important when communicating outwardly, and acts as a firewall from politics and tension. Giving kudos and warnings are still necessary, but, overall, team accomplishments, even via the "we" pronoun alone, are beneficial. (Let's be honest: those involved knew their role and weight)
Alternatively, although a bit artificial would be to use an exclusive "we" (we, but not including you) or an inclusive we (we and you). English did have a dual pronoun which could be repurposed for that, I suppose, but it would seem forced --maybe more artificial than the artificial use of "we" you have experienced being used by VCs.