Comment by valleyer
5 hours ago
Good point. CEOs of companies are often held personally accountable for corporate malfeasance by "the current legal framework".
5 hours ago
Good point. CEOs of companies are often held personally accountable for corporate malfeasance by "the current legal framework".
I understand your sarcasm but that’s what the limited in LLC is for.
Unbounded liability means nobody starts a business, or they do it under the table without responsibility or taxes.
Turns out we want successful private businesses much more than we want to hold a few nasty CEOs accountable.
I agree. I just thought it was funny that someone was pointing out the legal unaccountability of an AI in this context.
There is no need for two penny sarcasm.
I deliberately stopped short of invoking golden parachutes and the numerous other escape hatches available at that altitude, as I am perfectly aware they exist. I am equally aware of chief executives who have departed with remarkable agility from organisations they themselves had first steered off the cliff.
My point, however, remains the same: as the letter of the law presently stands, AI can't be made accountable – at least not today.
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LLCs and other corporate structures only (mostly) protect employees and shareholders from civil judgments. CEOs and other executives are also at risk of criminal penalties for Sarbanes-Oxley (SOX) violations and similar. Actual criminal prosecutions of CEOs have been few, but not zero.
https://archives.fbi.gov/archives/oklahomacity/press-release...
The typical corporate trick is to argue that the corporation itself is responsible for any wrongdoing, not a particular executive.
I can totally see this blame being shifted to AI in a "nobody got fired for choosing IBM" way.