Comment by pocketarc
3 years ago
CEOs being held personally liable might not fix anything - one goes to jail, the board hires the next. And before you say “CEOs just won’t agree to do risky things”, if they won’t, they get fired, and some other CEO will. Same as what happens with programmers that refuse to do unethical work. They’ll just get replaced.
The company goes on as normal. The issue is harder to solve than “just arrest the CEO”. But I’d like to see it solved, too.
If CEOs reliably expect to go to jail for doing illegal things, boards will have a hard time finding a CEO who will do it. If you still feel this is not a solution, perhaps we add holding the board personally liable for the actions of the company, and see if that helps. :)