3 ms·
Them? The employees? The executives have *nothing* to worry about. Or them, meaning us? These fines will find their way to the market and we will be the ones p
by chiefalchemist 3y ago
Them? The employees? The executives have *nothing* to worry about.
Or them, meaning us? These fines will find their way to the market and we will be the ones paying.
This is simply the pseudo cost of doing business for these multi-nationals.
- tinco 3y agoThere are loads of valuable businesses inside 3M, it will continue operating no matter what, so probably not all employees will be affected by a bankruptcy. The responsible executives have probably already taken their profits and bailed. Focusing on that might feel good, but it's not what needs to happen. What needs to happen is that shareholder value is eradicated. Pension funds, banks, hedge funds, retail investors, they should all lose their money. Every last cent of it. Only if shareholder value is eradicated will shareholders start demanding executives follow procedures that prevent disasters like this from happening. Holding the executives responsible is fun, but we all know the next executive is gonna be ruthless and try and get away with it anyway.
- chiefalchemist 3y agoPutting executives in jail will be a much better deterrent than what we're doing currently. Fines aren't even a slap on the wrists. It's a cost of doing business. A cost the company does not pay, the market does.