But that's not what Holacracy pushes for. The organization is supposed to have people with power to decide certain stuff and be accountable for it. It's just not supposed to have a single hierarchy that ends in the CEO and which concentrates all power, but a bunch of "circles" that have role-specific powers.
http://holacracy.org/constitution
It seems that everyone is blaming the process without following it. Not that I claim that following it would have good results - I have no idea if it's a good system or not.