Comment by sobkas
3 years ago
> Who is held responsible if a company gets fined or sued? Does someone get fired?
In the past shareholders were loosing money because their shares lost some value. Then they could fire CEO/take actions to put some pain on people responsible. But now shares don't loose value or even gain it, because how absurdly small fines are. CEOs have golden parachutes and only people who get fired are nameless minions who were forced to do it. Everyone above is blameless because every decision is made by committee, so no single person is responsible for anything.
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