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For these type of things, I think Singapore style caning would be very helpful. Basically, whenever there are violations like this, the CEO, the C-Suite, and al
by RcouF1uZ4gsC 6y ago
For these type of things, I think Singapore style caning would be very helpful. Basically, whenever there are violations like this, the CEO, the C-Suite, and all the board members get caned. Doesn't matter if it was some low-level employee that actually did it. They still get caned.
This nicely fixes the problem of too-big-to-fail since there are not bankruptcy level fines. It also aligns incentives since their ass is literally on the line.
- riffraff 6y agowell, even without caning you could jail people almost everywhere without causing a bankruptcy. The problem seems to be that C-Suites are just not held responsible. I don't know if they always should, as the argument is complex, but it seems the current state of affairs is just not good.