Just about everyone understands that "full responsibility" is meaningless. One thing I've come to internalise is in a public (maybe most of private too) compan

Just about everyone understands that "full responsibility" is meaningless. One thing I've come to internalise is in a public (maybe most of private too) company CEO's fiduciary responsibility is to maximise shareholder value. From what I've learnt the switch from "profit" to "share holder value" occurred sometime in the 80s. So they'd do whatever it takes to reduce cost; outsourcing to 3rd world countries, financial engineering, wage suppression, hiring contractors and what not to ensure stock prices keep going up.