Comment by coremoff
6 months ago
I agree with what you're saying, however I think talking in absolutes is counter-productive:
> No golden parachutes, no deferred bonuses, no pensions
In my opinion, hard cutoffs like this create perverse incentives, but there definitely need to be consequences for actions.
What do you think a good compromise would be?
I don't think I'm qualified to provide an answer - trying to detail how execs should not be able to profit from fail-cases like this is a mine-field of edge cases, I expect.
I do think that you shouldn't be doing anything to destroy their lives "no pension" (outside of any judicial outcomes); but it should be sufficiently comprehensive such that you can declare both that no one profited from malfeasance/incompetance and that poeple in positions governed by these provisions are strongly encouraged to make sure that they don't fall foul of them.