I think the key distinction is that the Pac 12 isn’t one company being run by one person. Each University is it’s own multi billion dollar institution making decisions in their own best interests and they had a select group of top executives from each one known as “the CEO group” that had specific oversight on all things Pac 12 athletics.Kinda. But it's much more like blaming a CEO for tanking a company. Are the Board of Directors at fault? Sure they are. But the CEO is generally given broad authority to set and execute on strategy, and when the strategy is found to have failed the CEO is generally, and rightfully, the one that takes the fall.
I'm not trying to excuse the Presidents and Chancellors. They certainly watched the mess unfold in front of their eyes. But they are academics, not media relation experts. They trusted their CEO do his job. However, Larry Scott, and his failed strategy and mismanagement, should take the brunt of the blame.
The fact there were zero inquiries or audits into the financials of the Pac 12 is insane. The fact the presidents allowed Larry to carry on with a ~$1m/mo HQ in the most expensive city in the country is insane. The fact they didn’t demand outside consulting help guide the conference through the Pac 12 Network debacle is insane.
Larry Scott is the true villain in all this and carries a massive part of the blame, but if you believe in true ownership and accountability, the CEO Group of presidents and chancellors are responsible