> The important thing about a "limited company" is precisely that the CEO and all of the other staff aren't legally equivalent to the company. That would be a p

> The important thing about a "limited company" is precisely that the CEO and all of the other staff aren't legally equivalent to the company. That would be a partnership. This is a very useful technology in de-risking running a big business. There isn't a good reason for making the board liable for ordinary line of business failures. > > Right now criminal penalties tend to just be the cost of doing business. Breaking the law isn’t scary, it’s a calculated risk. > This, on the other hand, is a serious problem. It's why it's important for SBF and anybody who can be proved to have responsible knowledge of the fraud at FTX to go to jail for a long time. In case of corporations problem is how influential they are. How they are able to capture regulators, bribe politicians to deregulate and how their size will cause rest of economy to collapse if they get penalties they deserve. Only time I have seen any real action taken, was when rich investors got scammed. Especially if done by someone outside of elites. Stealing from lower/middle class OK, maybe you get small fine. Taking something from billionaire? You will be astonished how hard book can hit, when thrown with enough political/financial motivation. > But in general power and money make you above the law It's capitalism, people with capital make the rules. > and voters are unwilling to take enough of an active informed involvement to fix this. The problem is that to be informed in such cases it takes lots of time, money and effort. A second neverending second job and it only takes one mistake to get screwed. In most cases even government agencies that are supposed to oversee it, can't do so because corporations do a lot to obfuscate, hide and misdirect(also agencies funding gets cut so they can't go after expensive targets). How you are expecting individual to do something a dedicated/paid/staffed agency can't do. Especially when media corporations/politicians/NGO(another can of worms) actively lie on corporations behalf. Also are you expect regulators to retire with government pay? They see what is going inside of corporations and they want their share.