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Yes, this is one of the big changes that need to be made to really reform things. Companies act based on decisions made by individuals. Those individuals shou
by BrenBarn 1y ago
Yes, this is one of the big changes that need to be made to really reform things. Companies act based on decisions made by individuals. Those individuals should be held accountable if the company's actions are found to be harmful. There should be lots of CEOs and board members of companies in oil, healthcare, housing, retail (as well as tech) who should be facing fines in the hundreds of millions (if not the billions) on their personal assets.
- hilbert42 1y agoOne thing I forgot. There's another good reason to hold CEOs and others personally responsible and punish them accordingly as it acts as a deterrent. Whenever we see Google, Facebook, etc. get levied with fines we rarely learn who the nameless gnomes are who perpetrated the act, or approved it, etc. Knowing that their names would be in the public domain would send shivers down their backs, even if acquitted it would likely not bode well for future employment. Moreover, CEOs, directors, boards etc. should also be held accountable even when they are not directly responsible (like captains of ships are). This would have the effect of ensuring that those in charge would mandate an ethics and behavior policy for the company and ensure that all employees were aware of it, and violation thereof would result in dismissal. Thst said, to be fair, you can't blame management for the unacceptable behavior of a wayward or stupid employee. Commonsense must prevail and laws must allow for such things.