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I don’t think anybody is asking for executives to be responsible for every little act of wrongdoing. Most examples of corporate wrongdoing were widely known thr

I don’t think anybody is asking for executives to be responsible for every little act of wrongdoing. Most examples of corporate wrongdoing were widely known throughout the company and often caused by unrealistic expectations from above. I work in medical devices and I have seen it multiple times that leadership pushed unreasonable deadlines while ignoring warnings. I don’t think anything illegal has happened so far but I can easily see how somebody could take shortcuts just to relieve the pressure. So while the executives didn’t do anything wrong personally they created a climate that could cause illegal activity. This certainly happened at Wells Fargo and I bet a lot of other companies.

close04 7y ago
Many C level executives earn a literal fortune every year, with compensation packages in case of dismissal that would make anyone's eyes water. Accepting/demanding that but brushing off any risk and demanding to be considered immune from any repercussions even when it comes to major acts of mismanagement seems a bit unreasonable. This isn't for any minor misstep from an employee. Rather for not putting in place enough safeguards to avoid that result. Or the CxO turned a blind eye to this happening although all the signs were there. Or worse, they directed it. Look at the captain of a ship to see what the responsibility could look like. As for the "I'd rather close the company than risk going to jail", I don't think that would be the case even for current levels of compensation. A mistake driving a car could easily kill or land the driver in jail (and this happens all the time). And the benefits of driving a car are far lower than what some of the above mentioned C level execs can get from that position.
- briandear 7y ago
  > A mistake driving a car could easily kill or land the driver in jail (and this happens all the time). And nobody is dying from App Store policies. Violating a civil regulation is much different than violating criminal statutes.

close04 7y ago

Many C level executives earn a literal fortune every year, with compensation packages in case of dismissal that would make anyone's eyes water. Accepting/demanding that but brushing off any risk and demanding to be considered immune from any repercussions even when it comes to major acts of mismanagement seems a bit unreasonable. This isn't for any minor misstep from an employee. Rather for not putting in place enough safeguards to avoid that result. Or the CxO turned a blind eye to this happening although all the signs were there. Or worse, they directed it. Look at the captain of a ship to see what the responsibility could look like. As for the "I'd rather close the company than risk going to jail", I don't think that would be the case even for current levels of compensation. A mistake driving a car could easily kill or land the driver in jail (and this happens all the time). And the benefits of driving a car are far lower than what some of the above mentioned C level execs can get from that position.

briandear 7y ago
> A mistake driving a car could easily kill or land the driver in jail (and this happens all the time). And nobody is dying from App Store policies. Violating a civil regulation is much different than violating criminal statutes.