Nothing false about it. If I'm in a management role, and things go hatstand, well the buck stop with me, that's why managers get paid the big bucks. I may have to take measures later with the individual in question if it was negligence on their part, but ensuring the success of the team and the project is what the manager is for. If I have given someone more responsibility than they are ready for, that's on me. If I have failed to implement a failsafe process/procedure that's on me. If my team aren't doing code reviews that's on me. If they are taking on unmanageable technical debt, that's on me. Etc etc.