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by Gibbon1 2198 days ago
If officers had to go to jail when their corporations committed crimes then you'd never be able to get competent capitalists to run them. Society and the stockholders would suffer.
3 comments

Awww, poor stockholders.

Maybe we'd see a shift toward companies actually being run in responsible and ethical ways, instead of the present, near total disconnect from reasonable actions and constraints.

SOX already sets up officers to be liable for financial statements, so I don't think this is relevant.
You're saying that there aren't any honest competent capitalists and that in order to be a "competent capitalist", one must be a crook.

You can't conceive of a world where good people can run companies honestly. The only way they'd accept money to run a company is if they're allowed to get away with committing crimes.

I don't even know how to respond this one.