this post was submitted on 10 Dec 2024
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[โ€“] ricdeh@lemmy.world 4 points 1 week ago (1 children)

Aren't C-Suite already liable for illegal actions? I know for sure that it's that way in Germany, and I cannot imagine it to be different in the U.S.

[โ€“] Adalast@lemmy.world 14 points 1 week ago

Nope, they are covered most of the time by what is known as the "corporate veil".

Better explained than I can do here: https://federal-lawyer.com/when-can-a-ceo-be-held-personally-liable/

Essentially, unless they are personally doing it, they are protected. Embezzle millions and you go to jail, poison a water supply, kill thousands, give birth defects, cancer, and a myriad of other health issues to a community at large and only the corporation is liable/culpable.