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This is all well and good to say, but impossible to implement within our current system. That's what's so depressing about it. And by 'impossible' I grant its t
by Eddy_Viscosity2 4y ago
This is all well and good to say, but impossible to implement within our current system. That's what's so depressing about it. And by 'impossible' I grant its theoretically possible, just not in practical terms. Of course the other side of the coin is that even if it was implemented, then prosecutors, and hence government, would now have this new power over CEOs and it wouldn't be long before some corrupt politician got in office and used it corruptly.
- eunoia 4y agoSarbanes-Oxley would seem to imply that it’s possible to enact new laws that enforce consequences for fraud among top level executives? In theory at least I guess. Maybe someone else can comment on how it actually works in practice.
- Eddy_Viscosity2 4y agoIts not enough for the laws to exist, they must also be enforced.