The guy that named his company after his own diversion?
It's his call for sure, but rather funny as an argument.
Maybe he is keeping the name as a constant reminder of the mistaken. Like Berkshire Hathaway: Warren Buffett says Berkshire Hathaway is the “dumbest” stock he ever bought. https://www.cnbc.com/2010/10/18/warren-buffett-buying-berksh...
The fact that someone made a mistake before doesn't mean that they will always make wrong calls.