While we await shanak's reply, let me inject a thought.
The term "mislead" usually implies deliberately and knowingly feeding information that creates false hope.
Is that your question?
On the other hand, sometimes information is provided that was expected to work out, based on the judgement of the company at the time. Granted, that judgement may be faulty, for various reasons, and that would in itself be a reason to lose confidence in an executive.
But it still would not be accurate to say that someone "misled" his investors. He may have "failed" them through a lack of experience or expertise, but he didn't mislead them.
Which are you asking?