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I won't comment on the applicability of RICO but we must hold executives personally accountable for the behavior of their organizations. In many cases that migh
by brazzledazzle 10y ago
I won't comment on the applicability of RICO but we must hold executives personally accountable for the behavior of their organizations. In many cases that might reasonably mean severe financial penalties and being barred from working in an industry rather than jailtime. I'm not calling for their heads but they have to be held accountable when they don't create effective policies and permit or encourage company cultures that allow fraud and abuse to flourish. And effective policies don't just mean jotting them down in a rule book or creating an ethics hotline. You have to create the processes and structure to enforce them and detect violations.