Earlier quoted context omitted.
If the ship's captain was asleep in a drunken stupor while the 17 year old helmsman crashed the ship into an iceberg, should the captain go unpunished? I feel that punishing sobriety and rewarding drunkenness is probably not a good idea, if we want to avoid our ships hitting icebergs.
Bad analogies won't help anyone. Did the CEO believe his people were incompetent to develop and verify the software?
It's not about the result or what the CEO "believes", it's about what they reasonably did to avoid bad outcomes. Did the CEO do anything to be certain his people are competent, or that an incompetent person cannot tank the quality of the product? Did they take any reasonable measures, implemented checks, ordered audits, spent more to prioritized safety and quality?
The CEO has the highest executive authority and the highest pay. This means the highest level of accountability. Until the shit hits the fan, or the ground, and then the employees were incompetent, the processes were weak, the consultants that weren't picked by the CEO said it's all good.
The reason they get away with this isn't that the law protects them, it's that they fill pockets and buy laws to protect them. Random "Empty Pockets" Joe won't get a pass for building something that kills people because they didn't bother to verify anything.