This is why we need personal accountability by C-suites in regards to company misgivings. Yes companies are legally entities but we need like, 50% of the accountability is shared by the C-suites either as a group, or if they have it in writing for a specific thing, by a specific one, the CEO or CTO or whatever.
A person. So there’s a very real example of the personal risk to freedom or wealth (the second will hit investors more I presume) if you do this.
Plus I have a feeling that the moment it’s their ass on the line, these C-fuckers will, surprisingly, agree to do this shit less often.
Nah. With rules like this, no one could ever do anything. I mean the pizza shop on the corner couldn’t operate. Who would risk their home (if they’re lucky enough to have one) just to not make any money running a restaurant?
Directors et cetera can be held accountable for criminal negligence with the current rules, it’s just that they rarely are, because we have a “captured state” - a government and judicial arm that’s terrified of upsetting the corporations that get them elected.
The solution IMO is disallowing corporate campaign donations, and capping personal donations. Also harsher penalties for the corporations themselves, rather than just “cost of doing business” penalties.
There’s risk in any business. Being smart and working hard isn’t enough. Sometimes you just at get unlucky.
I know fediverse users hate corporations, and there’s a lot to hate, but the idea of individuals protecting themselves from those risks is a critical element of a modern economy.
This is why we need personal accountability by C-suites in regards to company misgivings. Yes companies are legally entities but we need like, 50% of the accountability is shared by the C-suites either as a group, or if they have it in writing for a specific thing, by a specific one, the CEO or CTO or whatever.
A person. So there’s a very real example of the personal risk to freedom or wealth (the second will hit investors more I presume) if you do this.
Plus I have a feeling that the moment it’s their ass on the line, these C-fuckers will, surprisingly, agree to do this shit less often.
I really like this idea, but how much money do you have?
Is it less than them?
If so, get fucked
Nah. With rules like this, no one could ever do anything. I mean the pizza shop on the corner couldn’t operate. Who would risk their home (if they’re lucky enough to have one) just to not make any money running a restaurant?
Directors et cetera can be held accountable for criminal negligence with the current rules, it’s just that they rarely are, because we have a “captured state” - a government and judicial arm that’s terrified of upsetting the corporations that get them elected.
The solution IMO is disallowing corporate campaign donations, and capping personal donations. Also harsher penalties for the corporations themselves, rather than just “cost of doing business” penalties.
funny thing is about this comment is something like 50% of resturaunts go bust within the first couple years, yet new people keep opening them.
I thought I kind of implied that?
There’s risk in any business. Being smart and working hard isn’t enough. Sometimes you just at get unlucky.
I know fediverse users hate corporations, and there’s a lot to hate, but the idea of individuals protecting themselves from those risks is a critical element of a modern economy.