Apparently Joe Tucci is taking responsibility for EMC’s poor performance this past quarter.

“I’m deeply disappointed with our performance this quarter,” Tucci said on a conference call this morning. “Our overall execution was clearly not up to EMC standards. Our senior executive team, including me, takes responsibility. While we did have some missteps, we are stepping up in taking ownership, and offering no excuses. We can and will do better.”

So, Joe, will you be giving up the multi-million-dollar bonuses and option packages? I think we all know that if a mere engineer’s or floor-sweeper’s “execution was clearly not up to EMC standards” they wouldn’t be getting extra party favors this quarter. Chances are they’d be looking for a new job. I’m not saying that’s right either, but what does “taking responsibility” mean if there are no real consequences worth fretting over?