The problem is, the CEO/coach is the easiest scapegoat, regardless of where the problem actually lies.

Aw, there there sweetie. Did the nasty employees scapegoat you for being an incompetent, drunk fuckwit?

Never mind diddums, the board understands. Here's 20 million bucks to keep up the illusion that you were really a great hire so we don't get massacred in the market on Monday.