“As our revenue accelerated through the pandemic, we hired too many people leading into this economic downturn we’re now facing, and I take responsibility for that.”
I wish CEOs would avoid such phrasing unless "take responsibility for that" involves some personal penalty, like a lower bonus or some other way to compensate for the fact that a bad decision cost the company money.
I wish CEOs would avoid such phrasing unless "take responsibility for that" involves some personal penalty, like a lower bonus or some other way to compensate for the fact that a bad decision cost the company money.