Not, it's not ceremonial. But, I don't think anyone used that term, except you. The parent said it was nonsense, which is true.
Sure, it's part of the CEO's job to inspire confidence, but what's nonsense is that virtually any CEO would be responsible for any single tech-vulnerability down the line.
So, it may well be that investors expect that, which would mean that the nonsense is on their part. And, perhaps Target is simply responding to that nonsense, but it's still nonsense.
Said another way, it's not ceremonial if it matters. But, it is nonsense that it would matter.
Sure, it's part of the CEO's job to inspire confidence, but what's nonsense is that virtually any CEO would be responsible for any single tech-vulnerability down the line.
So, it may well be that investors expect that, which would mean that the nonsense is on their part. And, perhaps Target is simply responding to that nonsense, but it's still nonsense.
Said another way, it's not ceremonial if it matters. But, it is nonsense that it would matter.