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by billllll
417 days ago
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Just because the shareholders didn't vote on it, or an exec didn't explicitly say "hey steal this" does not absolve the company. Leadership doesn't get to throw up their hands and say "not my fault" when something bad happens. It is ultimately the responsibility of the company and its people to create a system where things like this are discouraged or prohibited. Not doing so is tacit approval, especially in this case where they have a significant history of doing the same thing. |
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Most corporate actions that 3rd parties consider "bad" are the result of someone inside the corporation having an asymmetric payoff from directing the corporation to do the bad thing. They get the upside from a success, but not the downside from failure.
If you want to stop a certain bad behavior, your best bet is to change individual incentives.