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by pmiller2 2551 days ago
Except corporations don’t have equal protection under law. They have more protection than individuals because they’re a device for absolving individuals of personal liability. The only penalty we seem to want to subject them to for any kind of wrongdoing is a fine, which is often not enough to deter the activity that caused them to receive said fine.

We need to make fines meaningful, start holding C-level execs personally responsible in some cases, and bring back the only penalty that matters to an immortal and amoral legal entity: the death penalty, via revocation of the corporate charter. Only then will we see the behavior of corporations start to change.

1 comments

Personally I suspect the corporate death penalty will be even more worthless than the actual one for deterrence. The corporate shield isn't supposed to apply to criminal conduct for participants in the first place.

Any investor should already treat them as disposable sources of revenue so crooked business actors would do the same. It would be like sentencing the gun to the death penalty and letting the robber go free. Instead pursue all those with actual power and liability who don't do the right thing and leave those who did alone as possible (it shouldn't stop enforcement) or reward them.

Otherwise they will be encouraged to "3S" (shoot, shovel, and shut up) their problems instead of cooperating or reporting.