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this post was submitted on 08 Aug 2023
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Not really. Put the C suite in prison and I'm sure the next crew will think twice. They can try and throw underlings under the bus but we don't have to accept that. The buck stops at the top.
Can't put people into prison for things they didn't do, and demonstrating RICO is a lot harder than it sounds. I guarantee you, you start going after their profits and making them take losses, the behavior stops immediately, and across the board.
they'd just get another C-Suite.
But they did do something? They ran a company in an illegal fashion. If they didn't act directly they were negligent. Either way, lock them up.
They always defend their ridiculous income by saying that it's proportional to their level of responsibility? Then the board is responsible for everything that happens in the company unless they can pin point exactly who did what under whose guidance.