this post was submitted on 20 Nov 2023
2650 points (98.0% liked)
Technology
60070 readers
3589 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Yeah stuff like this really needs to be percentual and fined to the CEOs and the board, not the company as an entity.
Oh, Microsoft valued at 200 bil for shareholders? Well sorry C's and boardies, you gotta scrunge up 2 bil each now, personally. Those are fines they'd at least notice.
(edit)
Come to think of it, the fined-personally-to-the-decisionmaker might really be the big thing here on its own. The company did this shit under you, CEO. It was your corporate policy and hiring practices that allowed this to happen, even if you did not press the button. You pay up. You take the blame, not the people under you just following orders.
This just ignores the reason that corporations exist in the first place, to shield people from personal liability. There is a mechanism by which you can go after that called "piercing the corporate veil" but it is an extremely high bar to hit.
Which is the problem. As parent rightly pointed out, lack of personal liability is exactly why corporations pull this kind of bullshit. The solution is to lower the bar for holding individuals, particularly executives, personally responsible for the actions of the organizations they control.