“By not taking the blame they are essentially saying that the buck doesn’t stop here.  If it doesn’t stop with the CEO, then he must not really be our leader, right?  If he isn’t our leader, then why don’t we go out and get ourselves someone who can lead or run our business?  It is our business, isn’t it?  We are the owners, right?  Warren has never forgotten that Berekshire’s shareholders own the business that he runs.  That is why he is always forthcoming not only about the good news, but also the bad.”

The Tao of Warren Buffet – by Mary Buffett and David Clark