3 ms·
True. The modern company is a very very limited liability company: - Cut corners so your jets crash and kill people (Boeing)? - Cheat on emissions testing so
by RachelF 2y ago
True.
The modern company is a very very limited liability company:
- Cut corners so your jets crash and kill people (Boeing)?
- Cheat on emissions testing so your product kill people (VW)?
- Hush up drug trial results so you kills people (Pfizer)?
- Sloppy security leads to hundreds of millions of people's personal data being leaked (too many to mention)?
What happens to those in charge? Nothing. Perhaps they leave with a big golden handshake. If it's really bad, they get a don't do it again agreement with the Feds.
No accountability means no feedback/skin in the game. So nothing gets better.
- blackeyeblitzar 2y agoLiability and retroactive clawbacks need to be introduced, particularly for very large organizations that like the government, don’t face real competition.
- pzmarzly 2y agoThe EU and the FTC are slowly reintroducing the concept of liability to big corps, especially the big tech. Is the world healing?