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So just bring in another CEO just for the bankruptcy. Currently that's not an uncommon practice in the US. Of course this new CEO would have to be a one-use fal

by qwytw 4y ago

So just bring in another CEO just for the bankruptcy. Currently that's not an uncommon practice in the US. Of course this new CEO would have to be a one-use fall guy with somebody else actually doing the job... > If you prove yourself unable use that privilege responsibly Good luck determining whose actually to blame and who is innocent... at the end of the days only unlucky small to medium business owners who can't afford expensive lawyers or consultants will suffer from such a policy.

ClumsyPilot 4y ago
> Good luck determining whose actually to blame and who is innocent... I really dislike this attitude, lawyers, engineers and auditors are liable in case of negligence. Why should CEO's be excluded from liability?
- qwytw 4y ago
  Because you can just hire the CEO to take the blame and continue running the company from another position. Unlike with lawyers, engineers and auditors this arrangement would be much hard to prove. Also CEO are liable when they engage in criminal behavior just like everyone else. And where are talking about auditors there are very specific and procedures which define they duties and responsibilities. How could you replicate that for CEOs? > I really dislike this attitude I'm just trying to be rational...
  - deleted 4y ago
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