Jean Todt has defended his stance during the Indy GP.  A quote from it:

There was even a suggestion that the Michelin teams would compete for no points if a chicane was installed. But Todt's reply was "would we have competed for no points? I say no. If this race would have been a race without points which cannot be, it would have been out of the FIA standard, we would not have started."

I refuse to point the finger at Ferrari in general or Jean Todt in particular.  In my opinion, though, the above kind of reasoning is exactly the kind that leads to the collective of the ten teams and the FIA failing to reach an agreement.  It took me, personally, a long time to learn the difference between having the right on your side and being a right person.  The difference between following the rules to the letter and relaxing the rules for the greater good.

I think that the best solution would have been to allow the Michelin teams to use a different type of tire, to not install a chicane in turn 13, and to not give the Michelin teams any points.  The Bridgestone teams wouldn't have been inconvenienced in any way since the scoring table would have ended up the same.  But at least the public wouldn't have been violated like it was.