"Minor embarrassment" is what politicians who 'take full responsibility' while not facing any consequences 'suffer'.[1] Getting canned for it is a bit more than that.
No, in the C-suite, it is not. Yes, in other positions, it is.
Some say that money is the unit of caring. If that's true, then nothing expresses an executive's commitment to accountability more than him forfeiting enough of his total compensation to put himself nearly at the bottom of the totem pole.
Maybe we can change that eventually.