“When you’re the janitor, reasons [why you failed] matter,” Jobs tells newly minted VPs, according to Lashinsky.
“Somewhere between the janitor and the CEO, reasons stop mattering,” says Jobs, adding, that Rubicon is “crossed when you become a VP.”
I never really thought about it, but it is true that at a certain level it doesn’t matter anymore why you failed, but that you failed. No more excuses to anyone other than yourself. The reasons matter to you, so you can keep yourself from letting it happen again, but it does indeed matter less to your superiors or your investors.
In other words, you have no excuse for failure. You are now responsible for any mistakes that happen, and it doesn’t matter what you say.
via Steve Jobs On The Difference Between A Vice President And A Janitor.