this post was submitted on 23 Nov 2024
359 points (99.2% liked)
Technology
59598 readers
3769 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
How do you criminally charge an organization? Like who's reponsible? CEO? Stockholders? The Board of Directors?
In order to be a director of a business you have to assume the legal responsibility of the organisation. You need more than 1 director and ignorance is not an excuse, there are expectations of awareness and involvement for anyone legally in a director role.
Well stockholders don't have executive capabilities. The CEO is responsible. Could hold board responsible too if they knew.
Here's an explanation from the Associated Press. The penalty is usually a fine, which impacts stockholders by making the stock less valuable and could lead them to remove board members or demand the termination of executives. It's rarely used, but there is a corporate death penalty.
Of course they can always compensate for this by firing a bunch of people.
The fact that I’ve never heard of the corporate death penalty until now, but they’re bringing back the actual death penalty says everything.
"I'll believe corporations are people when Texas executes one."
You could revoke their corporate charter.