Is it possible to Trigger an exe to run on a failed build? Can you do this within Team City?
I don't think it's possible to trigger an executable to run only on failed TeamCity builds. TeamCity usually allows you to do things either always or only upon successful builds.
It would be possible to trigger an executable to run after this build is finished (failed or successful).
If that would work for you, you could set up a new build configuration that runs the executable. The new build configuration would have a "finish build" trigger. This would cause the executable to be run whenever the other build is completed.