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by _heimdall 686 days ago
I'm not opposed to stock market reforms, I'm sure there's good that could be done there. Even with today's stock market setup and companies' fiduciary obligations, if a company could be meaningfully financially by legal actions they would think twice.

Take CrowdStrike for example. If the company and its leadership wasn't so well shielded from financial and legal liability they likely wouldn't have had a process that allowed rolling out an untested update to the entire world at once. Instead, they have a CEO that did effectively the same thing at McAfee before allowing it at CrowdStrike and the company will likely get little more than a financial slap of the wrist.

Would it solve everything? Absolutely not, and other actions like changes to the stock market could help. But it surely would make a difference if leadership and companies knew they could actually be ruined if they are provably negligent or culpable in damages caused.