At the end of the day, I am the CEO of the company. It was my leadership that got us here. Even if something wasn't executed right by one person on the team, that is still my responsibility. Furthermore, we were killed because we ran out of money - also my responsibility. That's the point I'm trying to make.

IMO whenever I have led something, I share the credits and take full responsibility of the failures. I say the same thing to my kids, be it their hockey game or drama team. If someone else screwed up in the team, they mostly know it and I don't need to point it out publicly. I do it privately. Its their choice if they want to own up publicly.

Again IMO Nikki's was right to gloss it over and doing so kept focus on the main theme.

Good leadership means personally taking the blame for failure while ensuring your team gets the credit for success.

I've just published a similar piece and came to an almost identical conclusion. I can't speak for her, but in my opinion everything is everyone's fault: success and failure. I'm assuming that's what she's getting at, the idea that if something's going wrong and none of you did anything about it, then it's everyone's fault.