Because if the Chairman / CEO were replaced then doubtless the other members of the board would be replaced too if they weren't up to the job.
They are ALL to blame, but the removal of Lowe would hopefully trigger the removal of them all.....
And rightly so!!
He is the man at the top.
He is the man who sanctioned ALL the decisions [while in charge], and therefore MUST shoulder the blame for the problems.
In any other industry he would have been gone long ago.
Adrian.
Have you ever heard of the phrase 'the buck stops here'?
The man at the top always gets the blame, because ultimately it is his responsibility when things go wrong.