Many people observe reality, where the workers end up being the ones held accountable for the CEO's decisions, not the CEO.
Workers are not legally or financially accountable for any of that. That is the whole point of a "job". I think you are confused.
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.