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> But the system existed where people were incredibly negligent for years, knew they were hurting people, made boatloads of money, and retired.... It is individ
by Buttons840 3y ago
> But the system existed where people were incredibly negligent for years, knew they were hurting people, made boatloads of money, and retired.... It is individuals making these decisions, and they need to be held personally liable.
Maybe people who have more than, say, 20 million dollars should be personally liable. This seems like a very conservative middle ground, because, as you say, these people have sometimes knowingly made decisions they knew would result in deaths. Taking away only some of their money is the least of punishments, and they would still be left rich and very comfortable.
This should apply to almost anyone. I get that regular people deserve some protection from liability for just doing their job, but at some point society is paying you so much money that you owe us a little personal responsibility in return.
Maybe it could be structured such that when a company is sued and loses, the company can then sue past employees who made the wrong decisions. Again, this liability would not be able to reduce an individual's wealth to less than 20 million, so employees don't have to worry about being completely ruined, but people shouldn't be able to control society warping amounts of wealth when the source of that wealth was incorrect and possibly corrupt decisions.
Let's try including some responsibility with the merit.
- ivan_gammel 3y agoCorporate negligence that results in significant damage to environment or public health must be criminalized with most severe punishment going to higher level decision makers, including some accountability for their superiors. If CEO knew and acted against public interests, then Board must be held accountable. If board knew and acted against public interests, then majority shareholders who voted for this board must be at least fined.
- Eddy_Viscosity2 3y agoNot just that the CEO or board "knew" because that is a hard thing to prove. Better to have it be "reasonably should have known". If this is a thing that the company is doing and has been doing for a long time then the senior managers should know about it and are therefore liable and responsible. Such a rule would also incentivize managers from 'looking the other way' at wrong-doing because the saying 'I didn't know' won't matter.
- Drakim 3y agoThis is very important. Each time there is a leak of a bunch of personal data companies whip out the "we have not found any evidence of the leak being ours" or something to that tune, which incentivizes them not look for evidence.
- RobotToaster 3y agoIt often feels like the only requirement to be an executive at a large corporation is the ability to create plausible deniability via willful ignorance.
- ryandrake 3y agoCEO on stage at a trade show: "Look at all these great things my company has done! Let me share with you all the details!" Same CEO during a deposition: "I have no idea what my company even does! Do we make soup or something?"
- username332211 3y agoIronically enough, the government has been moving in the opposite direction - No fault compensation schemes like NCVIA, anti-lawsuits bills like PLCAA, limits on torts. I do wonder why? Must be Big Business (in the NCVIA case, Big Pharma), right?
- forgetfreeman 3y agohttps://en.wikipedia.org/wiki/Regulatory_capture https://en.wikipedia.org/wiki/Regulatory_capture
- rapjr9 3y agoAh, so the regulators should share in the punishment when wrong doing is found, not just the CEO's.
- forgetfreeman 3y ago
- ljm 3y agoThe buck can and should stop with the executive level anyway. They are paid extremely handsomely, in huge disproportion to the rest of the staff at their company, in part because fucking up at this level means you won’t see the C level again for a long time. It’s the ultimate accountability in the organization. The accountability piece rarely happens now, unless you happen to defraud other investors, yet the compensation for the job continues to grow wildly out of proportion.
- sofixa 3y agoHard disagree. High level executives are ultimately responsible for everything that happens, and must suffer the consequences - I really want to see C-levels regularly being sent to jail for the crimes comitted by the companies they led - but the low-level employees that actually performed the dangerous/illegal/immoral acts aren't magically innocent because someone higher up ordered them so ("just following orders" is not a valid defence). Example at Boeing: the CEO and all related high level execs that fostered a culture of bean counting and cutting corners to save costs are guilty and liable for deaths. The actual people that designed a deadly system, those who approved it; similarly, those that forgot to put in bolts holding critical stuff together... they are guilty too. They knowingly endangered human lives.
- ljm 3y agoI think we both agree, you just went into more detail on it. The executive level shouldn’t be able to defer all of the accountability to employees lower down the ladder (e.g blaming it on an intern or whatever usual CYA excuse is rolled out). It’s one thing for an employee to go rogue, but totally another thing for leadership to either brush it under the rug or to create the environment for such behaviour in the first place.
- alistairSH 3y ago…this liability would not be able to reduce an individual's wealth to less than 20 million… Why? $20 million is a LOT of money. We shouldn’t allow greedy sociopaths to accumulate even that much wealth at the expense of the rest of us. The Sackler family is a good example. Why should they walk away with even $20 million (let alone the $11 billion they kept after negotiating a $4.5 billion settlement). It’s crazy.
- TreetopPlace 3y agoYou think that if someone makes $20 million, then the money has been taken away from someone else? I see this sentiment on TikTok and Reddit alot, and it makes no sense.
- forgetfreeman 3y agoIf it doesn't make sense then you apparently haven't come to terms with the fact that capitalism is a zero sum endeavor. We're getting off topic though quibbling over where to plant the goalposts.
- rayiner 3y ago> If it doesn't make sense then you apparently haven't come to terms with the fact that capitalism is a zero sum endeavor How ignorant do you have to be to still say that in 2024? We literally spent the last century conducting worldwide social experiments to show exactly the opposite. At this point objecting to capitalism itself (I’m not talking more or less regulation within a capitalist system) is like being a flat-earther. Leftist westerners loved my home country—as an object of their virtuous pity—when it was socialist. You’d see commercials begging for $1/day to feed people. Thanks to capitalism the country has changed completely in the last two decades. Vietnam and China both abandoned communism for capitalism and their prosperity soared.
- hackable_sand 3y agoTo be pedantic, the argument is that violence is necessary to maintain the fiction of property. The violence is abstracted now that capitalism has matured so we only see it as numbers but death is most definitely zero-sum.
- lttlrck 3y agoThat does seem like much of a deterrent to be honest.
- tomxor 3y ago> Maybe people who have more than, say, 20 million dollars should be personally liable. This seems like a very conservative middle ground, because, as you say, these people have sometimes knowingly made decisions they knew would result in deaths. Taking away only some of their money is the least of punishments, and they would still be left rich and very comfortable. Monetary punishment is not enough, and in fact I would say any kind of punishment is not useful enough. We need to switch our thinking to focus on preventative measures. In this case all of the money ever made from PFAS will never be enough to clean up the pollution or care for all of the human health side effects. You could make all of the employees and execs very uncomfortable, claw back every single penny ever made and it still wont be enough by a long shot. In some cases It's easy to do a huge amount of damage for (relatively) far less personal gain. Some of the world's regulatory systems already at least attempt to work from a preventative perspective such as drug approval processes for humans. As more of society wises up to the fact that the environment is an extension of us, it shouldn't be that hard to convince people to take preventative strategies towards caring for it.
- rapjr9 3y agoI agree, and prevention can't be a one time thing. In the 1930's if you were against using coal to produce electricity you would have been labeled crazy. Seems like what is needed is constant re-assessment to determine if new harms have been noted, along with ongoing research and testing to look for toxins, environmental effects, etc. As you state, preventive strategies. For example, ConsumerLab.com is testing herbal supplements, not just once, but regularly for lead, potentcy and more. This is something that should have already been ongoing for decades, not just started as a business in the last few years. Another example is national security as it relates to imported products. If we're not testing imported foods and other products (kids toys) reliably for lead and other poisons then a hostile country could poison your population before you know about it. Impaired people = impaired soldiers. Managing this in a cost effective way is difficult, but it seems possible.
- tomxor 3y agoReassessment is needed for sure. To classify the other strategies you are describing I think I would call them "increased focus", which would be a positive move for sure. But the draw back of this approach is it's more of the same, it's reactive, it has to chase industry, and it's effectiveness is dependent on available resources not being outpaced by industry (unlikely). An alternative regulatory system that doesn't need to chase industry would require industry to come to them by law when for example they want to release a new class of chemical into the environment. For all of it's flaws, I'm basically talking about something like the FDA, but hopefully less corrupt.
- thfuran 3y ago>Again, this liability would not be able to reduce an individual's wealth to less than 20 million $20,000 I might accept, but that's ridiculous. Edit: Really, I don't think any kind of limit is a good idea. We already have bankruptcy law and different sorts of fines or penalties being or not being dischargeable under forms of bankruptcy. Sticking to that framework seems best.
- Buttons840 3y agoAre you a programmer? Would you accept having most of your money, retirement, possessions, and wealth taken away if it is discovered you made a mistake and there's a serious big in your code? I'm not talking about just criminal negligence, I'm taking about honest mistakes too. If you want to be ultra rich, more than 20 million, then you have to be competent enough to not make big mistakes. For everyone else, they get to keep their retirement, etc. That's why I said 20 million. And I'm thinking about more than punishment. It's about compensation. A CEO should be compensated for making good long term decisions, and if it turns out they have not make good decisions, they should retroactively lose compensation, but not be left in ruin over honest mistakes. As for criminal cases, apply criminal penalties, which are beyond what I was suggesting.
- thfuran 3y ago>I'm not talking about just criminal negligence But that was the topic of the discussion. Actually, the context was gross negligence rather then mere negligence, let alone just ordinary mistakes.
- erickj 3y agoYes, but a once society crossed that boundary then it will be on you and your lawyer to prove that it wasn't criminal negligence, just the regular old kind
- notjulianjaynes 3y agoMy issue with your argument is in what world is a net worth of $20 million not "ultra rich." The median net worth of an individual near retirement age is $400,000. Under 35 it's a tenth of that. I don't really have an opinion about statutory fines for executives in situations like this, but the idea that reducing someone's net worth to a measly 50x that of what most people have is somehow punitive is one of the most ridiculous things I have ever heard.
- twoodfin 3y agoCongratulations: All your products are now made with chemicals designed and manufactured in China.
- asadotzler 3y agoNot really. Sovereign countries can block 100% of China imports any time they want. That your lack understanding of trade policy is no excuse for such a reductionist claim. One can also imagine that people might personally refuse to import deadly products or products that harm their children's future environment. There are plenty of reasons this might not just be the race to the bottom you imagine and profess. Do the harder work next time instead of wasting everyone's attention on such worthless replies.
- twoodfin 3y agoThe government can also ban chemicals at any time, for import or domestic production. The issue is they didn’t, at the time, but 3M or similar was supposed to have “known better”. Massive retrospective penalties for “should have known better” non-crimes will just result in an off-shoring to markets where these penalties do not apply.