Because limited liability corporations were created to avert liability from individuals. His firm is liable, but no single individual within it.
Not even the ones making the executive decisions, despite their near-monarchic power. I guess since they’re appointed by a board of directors, it’s something like an electoral monarchy, except the board isn’t democratically elected so it’s a plutocracy by proxy. The ultimate culprit would be - and this is a chorus you’ve probably heard a thousand times on here - the shareholders, and going after them is hard. Particularly when the shareholders are themselves corporations…
But the CEO is the pin focusing shareholder intent down into decisions and ultimately action. If they were effectively held responsible for their decisions, it would at least provide some counterbalance to the shareholders’ demands. It could also solve the “shareholders are corporations” issue, since you could make the CEOs of those companies liable for demanding illegal measures from companies they control.
Of course, such a drastic change would be hard to actually push through, as things stand, since it would inhibit (illegal) profit and growth and “the economy” is a sacred cow. It’s still worth pushing for, in my opinion, but building awareness and support takes patience and tact to avoid pushing people into political apathy.
The alternative I could see (and would prefer, but suspect to be even less attainable) is to dismantle the stock and capital system entirely. What you’d replace it with is a whole separate debate I won’t cover in this comment. Drastic systemic change is difficult to plan and enact, and building and maintaining the new system is difficult in the face of insecurities, old habits, unforeseen challenges that it may not yet have developed effective ways to deal with and generally all the growing pains that come with new things.
They’re not mutually exclusive, and the first may be a step on the road to the second. Either way, public support is key, and that is rarely won quickly.
I get the meme, but it’s kinda dumb. This is a website where you’re free to just not read my comment, if you don’t wanna engage with the topic, not a captive audience like a retail employee.
If I do something like this, I go to jail
WHY THE FUCK IS ZUCKERBERG NOT IN JAIL?
Because limited liability corporations were created to avert liability from individuals. His firm is liable, but no single individual within it.
Not even the ones making the executive decisions, despite their near-monarchic power. I guess since they’re appointed by a board of directors, it’s something like an electoral monarchy, except the board isn’t democratically elected so it’s a plutocracy by proxy. The ultimate culprit would be - and this is a chorus you’ve probably heard a thousand times on here - the shareholders, and going after them is hard. Particularly when the shareholders are themselves corporations…
But the CEO is the pin focusing shareholder intent down into decisions and ultimately action. If they were effectively held responsible for their decisions, it would at least provide some counterbalance to the shareholders’ demands. It could also solve the “shareholders are corporations” issue, since you could make the CEOs of those companies liable for demanding illegal measures from companies they control.
Of course, such a drastic change would be hard to actually push through, as things stand, since it would inhibit (illegal) profit and growth and “the economy” is a sacred cow. It’s still worth pushing for, in my opinion, but building awareness and support takes patience and tact to avoid pushing people into political apathy.
The alternative I could see (and would prefer, but suspect to be even less attainable) is to dismantle the stock and capital system entirely. What you’d replace it with is a whole separate debate I won’t cover in this comment. Drastic systemic change is difficult to plan and enact, and building and maintaining the new system is difficult in the face of insecurities, old habits, unforeseen challenges that it may not yet have developed effective ways to deal with and generally all the growing pains that come with new things.
They’re not mutually exclusive, and the first may be a step on the road to the second. Either way, public support is key, and that is rarely won quickly.
I get the meme, but it’s kinda dumb. This is a website where you’re free to just not read my comment, if you don’t wanna engage with the topic, not a captive audience like a retail employee.
He is young and he has a bright future ahead of him. We can’t take that away.
civil trial
You can’t put a shareholder in jail, they’re the entire point of the system gestures broadly