I'm not so sure that helps them if we have to "help them get over it". There is a massive sense of entitlement amongst millennials and only a dose of real world reality will help them readjust their expectations; they need to fix it. There is no soft landing. Now granted, they have been lied to (Hemi's point that seems to be relevant in a roundabout way) that any degree is a golden ticket to live like the Kardashians. But there is an incredible number of poor choices being made that won't fix this any time soon.
And calling out your CEO publicly certainly ain't the way to do it.
I remember a time when I was doing a MSc as a mature student. I spoke to a group of undergrads. I told that their degree will carry them into the interview room and that's all, that's the absolute limit of what it will do for them, and after that they have to keep proving themselves again and again. All of them looked shocked. That was in 1994.