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...more personally involved than owning a large part of the company and directly running it? How much more personally involved can you get? Otherwise corporatio
by Mbwagava 1y ago
...more personally involved than owning a large part of the company and directly running it? How much more personally involved can you get? Otherwise corporations would be above accountability. The whole system falls apart if executives and the board (and ideally, shareholders) can't be considered personally responsible.
- palsecam 1y ago> and directly running it? How much more personally involved can you get? Ms. Farmer is the CEO of BNSF Railway[1], she is the one “directly running it”. Moreover, Berkshire/Buffet is notorious for _not_ micro-managing, for letting its subsidiaires enjoy greater autonomy than they would in an usual conglomerate. 1: https://en.wikipedia.org/wiki/Kathryn_Farmer https://en.wikipedia.org/wiki/Kathryn_Farmer
- Mbwagava 1y agoRight, but what is the point of letting companies own other companies if this also doesn't imply transitive accountibility? It's hard to imagine we can't find reasons to imprison the board of blackrock, for instance. Such a massive company has disproportionately small social responsibility.
- tekknik 1y agoWe should extend this logic of accountability. If your kid does something wrong every living parent and grandparent should be held accountable. The world would instantly be better. Not sarcasm.