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> As Enron and FTX both show well, personal criminal responsibility for high level executives and a "corporate death penalty" already exist and get used when ci
by sofixa 2y ago
> As Enron and FTX both show well, personal criminal responsibility for high level executives and a "corporate death penalty" already exist and get used when circumstances warrant
Really not comparable. Enron and FTX were both insolvent due to Ponzi scheme-esque levels of fraud by their executives. The executives were sued for misleading investors and outright fraud, including securities fraud.
Boeing killing people with negligence, or Chevron poisoning millions through negligence, resulted in nothing. Personal responsibility for executives only exists for defrauding investors or tax authorities, which is wildly insufficient. Corporate death penalty only exists if the company is literally insolvent, and even them it might get rescued (GM), which is wildly insufficient.