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"So the goal must be to discourage others from committing similar offenses. Fair enough, but there must be a better and more efficient way to accomplish that th
by s73ver_ 9y ago
"So the goal must be to discourage others from committing similar offenses. Fair enough, but there must be a better and more efficient way to accomplish that than locking people in a compound for several years."
I mean, if you've got an idea, I'd love to hear it. But it seems to me that's it's not just the thought of, "This is illegal; I might go to prison," but it's "This is illegal; I might go to prison, and they're actually pursuing executives responsible for these things."
"In this case, the financial penalties imposed on the companies themselves seem like a more effective tool."
The problem with just punishing the company as a whole, instead of also pursuing the executives responsible, is that it doesn't actually discourage acting badly. Any individual action tends to get lost in the amorphous blob of the company. The company might suffer, and the individual might be asked to resign with their golden parachute, but they're not going to suffer. They're not going to feel any actual pain that would stop anyone else from doing the same thing.