Many people observe a limited subset of reality. It's highly visible when a company hits a crisis and people lose their jobs; it's much more common, but much less visible, for a CEO to get an after-hours call about a brewing problem which they must immediately work to smooth over.
It’s amazing how many people on this website harp on about nobody noticing their hard work, nobody caring unless the server is down, etc, and not being able to conceive of the remote chance of this same phenomenon applying to other roles in an organisation.
I'm not quite sure why you ask that? I'm not arguing that these two very different examples are the same, I'm explaining more concretely what it means to say that a CEO's job is to "to be responsible to the business".
I do. It’s on the CEO’s shoulders the other 95% of the time. (Which again, I agree is not some horrible deal, it’s much more fun to be a CEO who’s stressed with too many calls than a blue collar worker who’s stressed about feeding their family.)