4 ms·

They'll just write bigger golden parachutes into their contacts to offset the risk. That or suddenly everyone is an EVP and the C levels all are just paid fall

by bragr 3y ago

They'll just write bigger golden parachutes into their contacts to offset the risk. That or suddenly everyone is an EVP and the C levels all are just paid fall guys. But 25% revenue might work.

yumraj 3y ago
Well add a 3 strikes law [0], after all corporations are supposed to be person, from a legal standpoint. 3 strikes, and the company is dissolved. In fact, this should definitely happen for US credit rating companies which keep on leaking data. [0] https://en.m.wikipedia.org/wiki/Three-strikes_law https://en.m.wikipedia.org/wiki/Three-strikes_law
- DSingularity 3y ago
  This is an EXCELLENT proposal. They would fight just as hard to ensure they never receive the second strike to avoid the forever-doom that will loom over investors.
- silvestrov 3y ago
  I think a 3 strike against the CxO as a person will be more effective. 1st strike blocks you from working as CxO for 5 years, 2nd strike for 10 years, 3rd strike is forever. Right now too many bad CxO jump from one ship to the next again and again.
  - BeFlatXIII 3y ago
    Then you retitle yourself to EVP during the timeout.
  - autoexec 3y ago
    When a CxO gets their 2nd or 3rd company broken up they'll find it very hard to find a ship willing to let them on board. If you let the company get away with crimes over and over and only punish a CxO the company will simply hire a guy to take the fall for them. There's an endless number of people working minimum wage who would happily take a CxO title and salary for years knowing full well that there's a chance they might get fired eventually.
    - silvestrov 3y ago
      #1: If a guy breakes the rules so much he gets a 3rd strike, I think it is perfectly reasonable he should never have a CxO job again. It is too easy getting away with serial white-collar crimes. #2: It is not the company to decide who to take the fall. It is the court/judge.
- dahfizz 3y ago
  3 strike laws usually only apply to violent felonies. You don't go to jail for life after getting 3 speeding tickets. I'd be down with this, but we need to decide which kinds of violations are speeding tickets and which are serious felonies.

by bragr 3y ago

They'll just write bigger golden parachutes into their contacts to offset the risk. That or suddenly everyone is an EVP and the C levels all are just paid fall guys. But 25% revenue might work.

yumraj 3y ago

Well add a 3 strikes law [0], after all corporations are supposed to be person, from a legal standpoint. 3 strikes, and the company is dissolved. In fact, this should definitely happen for US credit rating companies which keep on leaking data. [0] https://en.m.wikipedia.org/wiki/Three-strikes_law https://en.m.wikipedia.org/wiki/Three-strikes_law

DSingularity 3y ago
This is an EXCELLENT proposal. They would fight just as hard to ensure they never receive the second strike to avoid the forever-doom that will loom over investors.
silvestrov 3y ago
I think a 3 strike against the CxO as a person will be more effective. 1st strike blocks you from working as CxO for 5 years, 2nd strike for 10 years, 3rd strike is forever. Right now too many bad CxO jump from one ship to the next again and again.
- BeFlatXIII 3y ago
  Then you retitle yourself to EVP during the timeout.
- autoexec 3y ago
  When a CxO gets their 2nd or 3rd company broken up they'll find it very hard to find a ship willing to let them on board. If you let the company get away with crimes over and over and only punish a CxO the company will simply hire a guy to take the fall for them. There's an endless number of people working minimum wage who would happily take a CxO title and salary for years knowing full well that there's a chance they might get fired eventually.
  - silvestrov 3y ago
    #1: If a guy breakes the rules so much he gets a 3rd strike, I think it is perfectly reasonable he should never have a CxO job again. It is too easy getting away with serial white-collar crimes. #2: It is not the company to decide who to take the fall. It is the court/judge.
dahfizz 3y ago
3 strike laws usually only apply to violent felonies. You don't go to jail for life after getting 3 speeding tickets. I'd be down with this, but we need to decide which kinds of violations are speeding tickets and which are serious felonies.