4 ms·
It's not just about tying the success of the company to the success of the CEO. It's about tying criminal responsibility to the CEO and the board. When the com
by corethree 3y ago
It's not just about tying the success of the company to the success of the CEO.
It's about tying criminal responsibility to the CEO and the board. When the company commits a crime, the corporation doesn't go to jail. Instead the corporation pays a fine.
Thus in this sense the company barely loses anything and the CEO and board typically doesn't lose much.
I say fuck that. Throw the CEO or the board into jail. That will end some of the criminal negligence we see from corporations today. You do shit like this, you associate acts of evil, acts of crime with the names of board members and CEO's you will fix a lot of shit. A lot.