4 ms·
There is 100% a single name and that's the CEO. If CEO's were actually held liable, they would do a lot more to ensure they didn't end up in jail.
by jeffwask 3y ago
There is 100% a single name and that's the CEO. If CEO's were actually held liable, they would do a lot more to ensure they didn't end up in jail.
- marshray 3y agoIf you punish the CEO for every illegal thing done in a corporation (often without their knowledge), then no wise person would want to be CEO. In order to function, large companies would have to make the CEO position largely ceremonial and appoint desperate risk-takers, and do the actual executive leadership somewhere else. So a strict rule like that risks setting up a formal scapegoat situation which could then lead to the opposite effect.
- Asooka 3y ago> no wise person would want to be CEO Hey, I'm already for it, you don't have to sell it to me.
- jeffwask 3y agoAbsolutely, the demand for 7 to 9 figure a year jobs that are contingent upon building a functional auditing and compliance org and not openly breaking law would completely evaporate. I mean we have no lawyer or doctors for the same reason.
- Axsuul 3y agoA CEO can’t be expected to know every single thing that happens in their company.