Is there a historical example or does anyone have an anecdote of some crunch time where the CEO blowing hot air was the best thing for morale? Compared to what I might think a lot of us would prefer in many cases, which might be an honest assessment & making us part of the journey to overcome whatever adversity.
"an honest assessment & making us part of the journey to overcome whatever adversity"
I suspect that most people just aren't wired up that way - we have a natural tendency to want to follow leaders and what we seem to want most from leaders is certainty and confidence. Does it matter what leaders are certain and confident about - not really.