3 ms·
> Perhaps a rule that anyone in a decisionmaking position who earned over $1m total comp last year is partially liable for fines against the company? In UK ban
by danpalmer 7y ago
> Perhaps a rule that anyone in a decisionmaking position who earned over $1m total comp last year is partially liable for fines against the company?
In UK banking now there are regulations that manager above a certain level are legally liable for decisions made below them. This means in the worst case, a director level manager can go to prison for a decision they or one of their subordinates makes. If it's a subordinate, I believe it is their responsibility to prove that the information was hidden from them, i.e. they are required to know what's going on below them as far as they reasonably can.