It's your fault. (Score 1)

CTO? As an executive, you must have had hand in watching the train wreck unfold, maybe even partly to blame. The downturn in the economy doesn't mean every company is doomed, just the ones that were lame to begin with. Contain the spill. Ask yourself, could this have been prevented? And if so, what can you do as CTO to facilitate change? If the answer is nothing, or scant then you've already answered your own larger question -- you had no real mantle of authority to begin with, and certainly were deluding yourself all along. Stay where you are. We don't want your bad juju spreading around to other once healthy companies.