I would still be pissed..but would have had a lot of respect for a man who can admit his or his compainies mistakes, take the blame, accept the punishment, learn from it and do whatever it takes under the sun to correct the mistake.
Not doge every question with " I was not a part of that decision."
HELL Mr. Hayward your the CEO of the whole freaking shabang! Don't you have a clue as to what is going on?
What decisions are you a part of? What is it you do exactly?