Pardon my French but bull-fucking-shit! A CEO _should_ take responsibility for what their subordinates do. It's preposterous to simple throw up our arms and say "oh well, some employees were sloppy so we lost some 100 million user IDs and other sensitive information that we promised not to store but we lied. Oopsie, silly me, pardon my wee incompetence tee-hee". No no no NO NO!

At some level, and certainly at the level where you get paychecks of 10 million a year for the "huge responsibility you are bearing", then incompetence IS malice!