4 ms·

What Bank CEO explicitly approved braking banking regulations?

• detaro 6y ago
  That's a bit too easy, responsibility of a leader shouldn't end at "nobody asked me for permission". (Where exactly to draw the line and how to decide penalties is of course a giant can of worms, it also doesn't really make sense to harshly punish executives for everything that happens downstream of them. I do not want to imply that there is a simple answer to this)
• originalvichy 6y ago
  ”I didn’t know I was breaking the law” is not a valid excuse for a private person and it shouldn’t be for an executive either. A company big enough that the execs don’t know about day-to-day operations should have processes in place that would notify them if something illegal was going on.
  • valuearb 6y ago
    That’s like saying parents should be arrested for their children’s crimes. The only systems in place that can notify CEOs or parents of all illegal events in their organizations exist only in fantasyland. And ignorance of the law should be an excuse, when the US has so many laws on the books that nearly every adult is guilty of committing at least one felony unknowingly.