Two trains of thought:
1. Ole won't get sacked, as he lets the board and upper management get away with murder when it comes to recruitment by not publicly kicking up a fuss. Publicly, he's a "Yes" man in every regard, it seems. Who knows what goes on behind closed doors? But that's largely irrelevant, as it's all about saving face and embarrassment, and Ole doesn't do that. He doesn't call the shitters out above him, and they just keep on going.
2. He takes the fall, like the others, from fecking horrendous decisions made by those above that are beyond his control.