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And yet for Stonecipher it was a personally financially successful personal decision and none of the consequences will hurt him personally. When the rewards alw
by jgeada 7y ago
And yet for Stonecipher it was a personally financially successful personal decision and none of the consequences will hurt him personally. When the rewards always go to the top (aka shareholders) and consequences always fall elsewhere, this is the predictable consequence.
We need some system such that shareholders and executives become personally responsible for these tragic yet predictable consequences.
- MrBuddyCasino 7y agoExactly this. No skin in the game will lead to these outcomes.
- senderista 7y agohttps://en.wikipedia.org/wiki/Principal%E2%80%93agent_problem https://en.wikipedia.org/wiki/Principal%E2%80%93agent_proble...