Lack of accountability for unethical corporate behavior driven by decision-makers' personal financial incentives

Signals over time

2 observed signals across 1 sources, tracked for 2 days. Confidence: low.

What people are saying Observed

• “Are you really suggesting that if only we were a bit more outraged, then finally the powerful people would be held accountable? I'm mad. Like, it's-time-for-guillotines levels of mad. But what I'm mad about is that this is normal. It has been normal for my entire life. Cases where investors are imprisoned for the actions of their companies are astoundingly rare. It's been made quite clear by now that there's an inexhaustible supply of CEO's willing to gamble on getting rich and getting out rather than getting arrested, targeting them doesn't work. Nor do fines, that's just the cost of doing business. Crime pays, and it pays well enough to pay your fines and still have plenty left over. Being a top investor in a company that breaks the law needs to be riskier. Acknowledging the problems with normal is the first step towards a new normal with fewer problems. You never get there if you see every offense as some kinda black swan event.”

  Hacker News · frustration

• “I couldn't agree more I do understand why the concept of the corporate veil exists, but there's a really big flaw: there are people in corporations who are in decision making positions who can financially benefit from steering corporations to behave unethically, if not downright illegally There's a huge incentive for those people to drive the corporation to do shady shit to maximize their personal profits from it, and it's very very difficult to hold them accountable. That's a really bad combination and anyone could predict it leads to a lot of corporations doing shady shit Oh sure the corporation gets fined once in a while but the shareholders and the executives laugh all the way to the bank. It's such a farce”

  Hacker News · frustration