2 ms·
The only way to counter-balance corporate lack of accountability to to change the laws to ensure that if the corporations behave badly their executives go to pr
by notyourday 5y ago
The only way to counter-balance corporate lack of accountability to to change the laws to ensure that if the corporations behave badly their executives go to prison.
Uber stonewalls investigations into their drivers raping customers? Dara gets dragged out of his fancy dinner into the nastiest prison we have while the case makes it through the courts. If it takes 5 years, he gets to spend those 3 years eating cheese and ham.
Apple? Cook goes it.
Google? Sundar.
Facebook? Mark.
That will immediately fix "corporate culture" as the executives will be incentivized to ensure their organization behave. This does not affect the shareholders and shareholder protection rather it should affect officers and directors of the company.
- kgermino 5y agoI think you missed my point. I'm saying that holding Tim Cook accountable for this case is like sending the CEO of the Clorox Company to jail because someone put bleach in their girlfriend's drink. It's a legitimate product with legitimate uses and a lot of competitors. If you punish the CEO of the manufacturer every time someone uses their product in a crime you'll get every Fortune 500 executive in like a week.
- notyourday 5y ago> I think you missed my point. I'm saying that holding Tim Cook accountable for this case is like sending the CEO of the Clorox Company to jail because someone put bleach in their girlfriend's drink. No, not at all. If Apple/Google/Facebook/Clorox "agree to pay a fine to settle a case" then the officers and directors of the company go to prison, not because they are sharedholders of the company - but because they are officers or directors of the company. So if for whatever reason, Apple agrees to pay a fine and change practices or whatever else regarding AirTags, then Cook should go to jail, not because Cook is a shareholder of Apple but because he is the CEO of Apple. If Uber agrees to settle, pay a fine/change practices, then Dara should go to jail, not because he is a shareholder of Uber but because he is a CEO of Uber. If Clorox company agrees to pay a fine/change practices, then the CEO of Cholorox should go to jail, not because he is a shareholder of Clorox but because he is the CEO.