Of course. But if you want to get the investors to force a change, the stock price has to go down.
Even if it does go down, that doesn't mean the investors will blame the right person — there's a reason why the English language retains the phrase "scape-goat" — but it has to go down or the investors will say "why would I change this?"
Edit: I originally phrased this as "if you want to get kick-back from the investors", turns out "kick-back" doesn't mean what I thought it meant.
Presumably plenty of people were employed in that timeframe.