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Until a few C-Level people go to Prison for a terribly long time, nothing will improve.

• thuridas 2y ago
  Firing them with their bonuses and golden parachutes won't help at all
• cj 2y ago
  Alternate approach that doesn’t involve sending people to jail just to make an example of them: Make up a new position with equal authority as the CEO, but their only charter is safety and compliance. Lift the corporate veil specifically for that role (and only that role) so that they are personally liable for the performance in their role and the safety of the company’s products. Require that companies halt sales and production if this role is unfilled. In a free market, no sane human would accept that job unless there was a (legitimately) extremely small risk that they would ever be personally liable. CEOs need incentive structures like this in order to change their priorities/behaviors. Sending CEOs to jail is the brute force approach.
  • triceratops 2y ago
    There are always people willing to risk jail time for a high-enough payoff. They're called career criminals and the role would attract them in droves. The only way honest people would take it is if they outranked the CEO on safety matters.
  • EasyMark 2y ago
    we need laws like Europe where they can charge significant percentages of global revenue (not sure how much at least 10%, possibly 50%?) before they'll listen. It's so rare for people to be criminally charged, the only really plausible, realistic change in policy is as I stated.