Comment by dileeparanawake

In theory - CEO's have ultimate responsibility. In practice it's more complex - boards, delegation, company structures, hr etc etc remove a lot of ultimate responsibility from CEO's. The buck stop's here, unless, the CEO's decides otherwise. Carlos Tavares is a good example of this. Got away with more screwups than many senior employee's could dream of. Ditto lots of legacy autos. The board / shareholders typically have a lot of sway and delegated accountability / responsibility.