For a CEO "taking responsibility" means laying people off to protect shareholder profits and taking heat from the media to protect other stakeholders from criti

For a CEO "taking responsibility" means laying people off to protect shareholder profits and taking heat from the media to protect other stakeholders from criticism. That's what they are paid so much money to do- someone making a normal salary isn't likely to take the initiative to cut thousands of jobs for the sake of the company. A CEO doesn't have any obligation to the workers; they are beholden to the company.