Yes, I think when you work in implementation, it's obvious that you made a bad decision (to yourself before others see it) and you are quick to say "I made a mistake, let's fix it before the mess gets worse". Your skillset in this hypothetical I'm creating is "implementation". You decided on the implementation but that's only part of the entire thing you are responsible for (plan, build, maintain).
For execs they are responsible for monitoring key indicators and deciding on what to do.
When things go wrong it could be they weren't monitoring the right things and missed it or the direction the took initially was wrong (either right away or as things changed and they didn't see it).
That's their entire job, more or less. Not trivializing it. The stakes are high pretty often.