4 ms·
No consequences for executives, and yet their ostensibly enormous responsibility is how their salaries and benefits are always justified.
by happytoexplain 2mo ago
No consequences for executives, and yet their ostensibly enormous responsibility is how their salaries and benefits are always justified.
- jimnotgym 2mo agoWhat I really don't understand is why the security people who sent to jail didn't drop their boss in it in return for diminishing their role
- vlovich123 2mo agoCush consulting jobs after the fact. You don’t burn your social network unless the alternate is serious jail time. Given the slaps on the wrists described, clearly the after conviction pay day is more valuable.
- JumpCrisscross 2mo ago> Cush consulting jobs after Do you have evidence any of these folks got these?
- Barbing 2mo agoOr generally, if any tech criminals now show nice consulting gigs on their LinkedIns and seem to have traction. Wonder if any Enron perps are doing well, or Bernie Madoff’s associates, or if Elizabeth Holmes or SBF had righthand men…
- a4isms 2mo agoThis is well before most HN readers' time, but Michael Milken, the "Junk Bond King," was handed a $600,000,000 fine and a ten-year prison sentance for insider trading and racketeering. He was also barred from reëntering the securities industry. When he was released from prison after serving less than two years, he became a "consultant" charging a flat $25 million fee for his services, which avoided the ban on working in the securities industry. Trump pardoned him in 2020. Consequences are incredibly elastic for people at the top of the food chain.
- Barbing 2mo agoOh lovely. From his company’s Wiki page, one of the former employees: > … later arrested after 1995 air rage incident Other winners listed too but that’s the only guy who pooped on a plane.
- vlovich123 2mo agoThese specific people? No. This happening in general? Yes - observed this first hand in the cybersecurity space.
- JumpCrisscross 2mo agoThere is a chance there wasn’t anything incriminating. The top guys kept conversations live or intimated they wanted something done; the lowers took the planning and execution upon themselves.
- lenerdenator 2mo agoI'm not a lawyer, but isn't RICO meant to give a way to prosecute those who are at the top of organizations that have people committing crimes like this?
- ChrisMarshallNY 2mo agoMobsters have it down to an art. "You take care of it." means "Murder him and dump the body into a building foundation." "I don't see any problems." can mean "The ambush will happen at the scheduled time. Vinnie will clean up the bodies." etc. You'll also see a lot of politicians using "dog whistle" statements, that are interpreted by listeners to mean something entirely different from the stated words.
- Scramblejams 2mo agoA good fictional example of this I often think of: https://www.youtube.com/watch?v=TH5j9RHCBpM https://www.youtube.com/watch?v=TH5j9RHCBpM
- ChrisMarshallNY 2mo agoDealing with turbulence: https://en.wikipedia.org/wiki/Will_no_one_rid_me_of_this_turbulent_priest%3F https://en.wikipedia.org/wiki/Will_no_one_rid_me_of_this_tur...
- JumpCrisscross 2mo ago> Mobsters have it down to an art Non-mobsters aren’t always as careful. There is a good chance these guys just weren’t properly investigated.
- nixon_why69 2mo ago
- dspillett 2mo agoPossibly because they hope for gainful employment in future, and being a whistleblower of any variety tends to massively reduce the chances of that.
- deleted 2mo ago[deleted]
- samirillian 2mo agoNo they just loudly say “It would be a shame if an unfortunate accident should occur to these bloggers”
- wanda 2mo agoIf executives were at any risk of facing repercussions for their negligence, greed or outright villainy, I suspect fewer people would aspire to become one or remain one for very long.
- gruez 2mo agoRight, because their responsibility is for increasing shareholder value, not falling on a sword when there's a PR snafu.
- crawfordmarch 2mo ago[flagged]