Sounds like a failure of imagination to me (I hope you're right). It doesn't have to be the CTO, it can be anyone who will sit there for the cheapest cost to read output while assuming the risk of it all working until they retire. Sounds glorious
scapegoating isn't really legally viable. corps who outsource their development haven't outsourced their liability.
1. Fire everyone else
2. prompt the AI "make me more money than you cost" (that's a short prompt, innit?)
3. Retire to Aruba