this post was submitted on 19 Feb 2024
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I agree.
It reminds me of that joke that a corporation is an ingenious tool for personal profit without personal responsibility.
It may be radical, but I strongly believe that the people running corporations (aka those making decisions) should be personally held accountable for crimes and wrongdoings of their corporations. It goes against the very idea of a corporations, but absolutely horrible people have been exploiting hiding behind corporations. I bet that if those people had to face the prospect of serious prison time, some actual personal responsibility, they would think twice before committing crimes. (edit for spelling mistakes)
I think the worst case in the UK at the minute is the Post Office, who knew there was a massive fuck up in their computer system, but prosecuted their sub-postmasters anyway for the "missing" money. People went to jail. People committed suicide. Hundreds faced financial ruin.
I can't wait for the bosses to face absolutely no consequences, or for them to shove some low level minions under the bus.
Your proposition is only fair since they love to pretend to be people in the eyes of the law, but when any wrongdoing happens, nobody is ever held accountable and they just pay some fines that are like 1% of their profits.
The whole concept of corporations does seem to be purpose-built for avoiding negative consequences. For example, if the company makes a profit, the shareholders own that profit. But if the company goes into deep dept... the shareholders are not on the hook for that.