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...same old story. It will keep happening until the penalty outweighs the benefits. Make a law that if corporate wrongdoing gives a director a financial benef
by jimnotgym 2y ago
...same old story. It will keep happening until the penalty outweighs the benefits.
Make a law that if corporate wrongdoing gives a director a financial benefit, then if caught the director has to return that money to the company. No deals with shareholders, you have to return your bonus. Fines and sanctions can come afterwards. Then see if they are so keen... what do we think of that?
- cherioo 2y agoPrivatize the gain, corporatize the losses! I don’t think that is anymore disincentive at the individual level. What’s lacking is high enough fine at corporate level so the corporate will more sufficiently monitor itself. Right now there’s little incentive not to cheat, much like the fight club ford quote.
- resource_waste 2y agoI don't really understand how executives get away with big compensation. Shareholders/Owners should be getting the returns. I understand you need smart people with vision, but I imagine you could go to the executive board of any nearly company and get someone for 500k/yr and they will have similar odds of success.