> CTO immediately fired and even the CEO having to beg the board for forgiveness and keeping their job. I doubt that. More likely: the defect would be identifi

> CTO immediately fired and even the CEO having to beg the board for forgiveness and keeping their job. I doubt that. More likely: the defect would be identified and fixed, someone would start working on a training-wheels editor for the file to ensure the problem doesn't happen again. Any change in revenues or profits would be used by the CEO to drive change in whatever thing needs changing, and the whole incident would be forgotten. Source: have owned four private companies. If everyone is fired immediately, no one learns a lesson and everyone is terrified to give leaders bad news.