[throwup238]

> I've long thought the only solution to these issues is to levy fines (or jail time if intentional theft) large enough to discourage the behavior. If it is still happening, keep raising the fines until it stops.

We need a corporate death penalty and three strike laws - where three is scaled to the customer base or total monetary damages or whatever. Upon death, any and all assets (including shares of the company, in case of restructuring) go to employee salaries until the company can be wound down.

[Ekaros]

Or just remove the limited liability. In sense of not going after assets, but at least that any fines or prison sentences apply to anyone who had at least single stock at the time. Company you own commits fraud, you go to prison. Simple and effective to force stock owners to police board and thus employees in the end.

[pmontra]

It's not companies that do this kind of stuff, it's people working at companies. You just jail/fine those people and all the chain of command up to the CEO. That would be an incentive to establish good procedures and not to steal on customers.

[Repulsion9513]

It actually is companies that do this stuff, in that if the company had sufficient monitoring and oversight in place the people working at the company wouldn't be able to do it.

That would of course require them to strive to provide the best product or service they can rather than towards maximizing their profit, though.

[Droobfest]

This would only give employees a giant incentive to tank the company this way…