Right now, working in a white-collar job, there is no fear of punishment, which is why we're seeing so many companies and executives skipping the law. Or they make a cost-profit equation, and figures out that the fine is worth the profits the crime would pay.
Edit: actually, the more I read and try to understand your point of view, the more I'm afraid of your position. You're already worried that your colleagues might be "doing something terribly wrong behind [your] back", but you're all fine with that, as long as you don't get punished? Isn't "I am responsible" one of the justification executives use for their high salary? The whole point of being the manager of others is to take responsibility over them. Sounds like you don't want that.
I think it might be better to put a 'without due dilligence' clause if something like this were to be the law.
One other thing... it's kinda hard for salespeople to do their job without a list of people to contact... there are some jobs where you implicitly have to trust people with data... those are sources of data leaks as well, and there's not much you can do other than to hire people you trust, I'm afraid :/
Just my two cents, hope your having a good day (and stay well)
This isn't for any minor misstep from an employee. Rather for not putting in place enough safeguards to avoid that result. Or the CxO turned a blind eye to this happening although all the signs were there. Or worse, they directed it. Look at the captain of a ship to see what the responsibility could look like.
As for the "I'd rather close the company than risk going to jail", I don't think that would be the case even for current levels of compensation. A mistake driving a car could easily kill or land the driver in jail (and this happens all the time). And the benefits of driving a car are far lower than what some of the above mentioned C level execs can get from that position.
And nobody is dying from App Store policies. Violating a civil regulation is much different than violating criminal statutes.
Its also red herring, to be completely honest.
I would even argue that much of the corruption we see in politics is in large part because private companies can get away with so much with so little consequence in the first place.
In either case, I 100% agree with the assertion here.
My parents just filed for bankruptcy because the Trump tariffs killed their import business. Should they also be homeless now? That's what comes of what you originally suggested.
Illegal activity is already punishable, and the fact that it generally isn't punished is not at all related to limited liability, but to political will[0][1].
It does nobody any good to lash out without understanding the issues.
[0] https://www.nytimes.com/2017/07/05/books/review/the-chickens... [1] https://www.npr.org/2017/07/30/535799735/corporate-bungling-...
Instead of fining the nebulous company that you are a part of, you would be held responsible for your choices.
This is incredibly nebulous. All decisions involve tradeoffs. One or two people die because of a decision to go with one car brake over the more expensive? If "increasing greenhouse gases" significant harm? Good luck ever trying to make anything - there will be a non stop line of people trying to sue the executives of any company they don't like.
Yes, if you advocate that or even tacitly support it, you should definitely stand to lose your shirt. If that’s too much for you, gardening is always available as an occupation. Others will be happy to fill your shoes.
Ex: If you are the CEO of Juul, you definitely need to go to jail. I see Juul marketed to kids everywhere. Once science confirms that it’s just as harmful as cigarettes, I want all the C-levels in jail and their fortunes stripped. I don’t for one second believe that they thought such a product could not possibly be harmful. They are there to make a profit, end-user health be damned.
This might be surprising, but that is a relatively new concept. It was quite common in the ancient world to execute people for crimes their family or clan did.
I suggest being very careful overriding millennia of legal precedent and human rights laws because you're upset about something Apple did. Almost everytime pitchforks get drawn and torches lit it ends badly--regardless of which side of the pitchforks you're on.
Should we jail parents if their children commit crimes? If anything, a parent has more influence upon their child than a manager has upon a direct report.