Eh. . .I'm not against your points, but I think your analogy is off. It seems more like your CTO is saying "There's this bug in a library we use to improve this part of the system - if no one comes up with fix in the next year or so, I'm just gonna remove that lib and we can handle it's functions ourselves."
I might still disagree with that, but it wouldn't make me "seriously doubt their leadership".
I might still disagree with that, but it wouldn't make me "seriously doubt their leadership".