3 ms·
I guess in my mind what I'm thinking is that individuals are often decimated by criminal/civil judgements, as sometimes are small/medium companies, yet we almos
by tibbon 13y ago
I guess in my mind what I'm thinking is that individuals are often decimated by criminal/civil judgements, as sometimes are small/medium companies, yet we almost never see legal action threaten the real survival or profitability of a massive company.
Just as people are hugely disincentivized to do illegal activity for fear that it will totally destroy their lives. Companies however have no such fear. There's little personal liability, and at worst there's a ding to profit for the year and investors grumble a bit. But overall, its just a headache- not a severe deterrent to acting poorly in the end.
I mean, what if we did actually throw executives in jail? Even for short periods of time (3-6 months?) It could create a culture where from the top they would have incentive to support only completely above-board behavior.