> You could equally well argue that punishing CEOs for bankruptcy makes banks more willing to lend money, improving the business climate. Banks can take into a

> You could equally well argue that punishing CEOs for bankruptcy makes banks more willing to lend money, improving the business climate. Banks can take into account the borrowing history of the executive teams already. > And of course for startups in the early years it's not that relevant anyways, since nobody will lend you anything until you have revenue. Being unable to make payments on leases, etc, is pretty likely for startups that fail.