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Still, what is the benefit of driving a company into bankruptcy while the actual responsible have left with a golden parachute? The only thing that works is to
by _ph_ 11y ago
Still, what is the benefit of driving a company into bankruptcy while the actual responsible have left with a golden parachute? The only thing that works is to go after all responsible managers. The Sabanes-Oxley act was a start, perhaps it needs to be extended. And I do like the idea of rather forcing the company to invest in making up for their wrongdoing than plain fines which vanish in some budget.
- NickM 11y agoThe only trouble there is that what if a company wants to (for instance) invest in EVs anyway? Now the incentive is to first make a quick buck cheating and lying, and then when they get caught the punishment is to do the same thing they were planning to eventually do anyway.