6 ms·
> I think this may create asymmetries between risk/reward for those (real) people making the decisions. Those asymmetries wouldn't be new, because the corporat
by etripe 6y ago
> I think this may create asymmetries between risk/reward for those (real) people making the decisions.
Those asymmetries wouldn't be new, because the corporation as a construct already shields the real people making the decisions, along with the jurisprudence of slaps on the wrist. Are companies held accountable for their "externalities" today, like mass foreclosures in real estate, exploitative labour conditions, poisoning the water supply, oil spills, climate change or destruction of habitats?
In keeping with the prison metaphor, would you work for an "ex-con" company? How about one on "probation" when you've got a family to support? Would you invest in one? As I see it, the potential for self-corrective behaviour is greater with my (admittedly, off-the-cuff) suggestions than the status quo.
- bumby 6y agoI think we’re in agreement. The asymmetric risk I was speaking of is the status quo where individuals are not held accountable but rather the corporate “team” is via fines etc. It makes risky decisions more palatable to an executive officer because they have less downside skin in the game.