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I’d also like to see more fines in the range of multiple years’ worth of revenue, but it wouldn’t change directors’ incentives since they still have limited dow
by tfehring 6y ago
I’d also like to see more fines in the range of multiple years’ worth of revenue, but it wouldn’t change directors’ incentives since they still have limited downside exposure and therefore asymmetric payoffs. Even if a CEO runs a company into the ground they’ll probably still be rich since they only have levered exposure on the upside (through ISOs, etc.) and comparatively limited exposure on the downside.