If we can do it for compliance officers, why not for CEOs? The average citizen is more likely to be harmed by financial collapse than a terrorist.
If we can do it for compliance officers, why not for CEOs? The average citizen is more likely to be harmed by financial collapse than a terrorist.
CEOs are hired to be the public face of the company. The board who hires the CEO doesn't want the face of their company being a criminal, and in the U.S. corporate boards overwhelmingly dictate the law books. That's how capitalism works.
I don't think that's capitalism, I think that's corruption, which may be a big part of this implementation of capitalism, but I feel like it is separate.
I feel it’s inappropriate to use the already really strict requirements bankers face as a justification to expand government control to other industries.
I’m not talking about common sense rules like liquidity requirements. I mean things like extremely invasive “know your customer rules” and holding compliance officers personally liable.