3 ms·
"Perhaps they should tie executive pay to customer satisfaction?" MS is a publicly quoted company wot sells shares. They are therefore answerable to their sha
by gerdesj 3y ago
"Perhaps they should tie executive pay to customer satisfaction?"
MS is a publicly quoted company wot sells shares. They are therefore answerable to their shareholders. Shareholders first, everyone else comes second is largely the first order of the day.
It's a bit shit when you try to factor in some sort of moral angle but that is how things are.
- rlupi 3y agoI think what regulators should start doing instead or on top of of inflicting monetary fines is to force companies to mint a significant amount of new shares and put them in escrow accounts, then in case some future event happen (security incident meeting some specific criteria for a catastrophic incident), the share should be put on sale at market price and used to refund the affected customers and pay for the regulatory costs. In this way, executives and policy makers have a harder time moving on and not being accounting before the effect of their bad decisions is apparent, because the reputation for sharesholder value destruction could haunt them. Executives will be incentivized to create a better security culture.