That's nothing. Instead hopping on the bandwagon hating on the thing we all use and care about, a situation where you would know a solution but are not allowed to act because of fear of even trying anything is so much worse. Especially when you know of it for a very long time and are not even allowed to try, while also being ostracized and being "that guy" for suggesting it repeatedly. Talking of different technical and business approaches to things where the "original" still somehow works but is slowly killing the company. Been there, done that.
But when a higher-up so clearly takes responsibility of something that is risky but deemed necessary, it provides for a lot better space to also respond to any potential problems that pop up, while not needing to suffer snarky comments in hindsight as a dev.
Of course something like this is easier to hate on ...