Sigurd - “...If they had come out and said, ‘It has been brought to our attention that we have been lacking and deficient in these areas and we are humble enough to admit and make changes’ we are currently studying the best way forward with Jah's help, blah blah blah...The money vaults would have opened up to them.“
Maybe, but the “money vaults” are not their top priority.
More than anything else, the JW leadership’s overarching goal is maintaining the fiction that the WTS is “God’s Exclusive Earthly Organization”...
...every decision they make is directly or indirectly tailored towards that.
And as far as they’re concerned, the kind of admission you describe - whilst highly ethical - would too severely undermine that claim.