Comment by TulliusCicero
3 years ago
> Generally I'm not part of the crowd that wants to send CEO's and management to jail for what are ultimately just bad business decisions.
This attitude is rare. Much more common is wanting to send them to jail for deliberately breaking the law -- or presiding over widespread flouting of the law by other management. E.g. The Wells Fargo cross selling scandal created literally millions of fraudulent accounts, and nobody went to jail.
>or presiding over widespread flouting of the law by other management. E.g. The Wells Fargo cross selling scandal created literally millions of fraudulent accounts, and nobody went to jail.
"presiding over widespread flouting of the law" isn't a crime though, and it's difficult to make that a crime without running into due process issues (eg. https://en.wikipedia.org/wiki/Mens_rea)
I think calling it gross negligence and making it criminal is fine.
The implication of running a company is that you're charge. Obviously you can't control every employee so one offs are fine, but at a certain level of widespreadness it becomes a matter of, well, gross negligence.