There is no legal basis for this for taking the salaries of everyone who worked at the company in any level of management at any time.
No large undertaking could ever function with such broad exposure to liability, anyways.
No large undertaking could ever function with such broad exposure to liability, anyways.
And if "No large undertaking could ever function with such broad exposure to liability" - that would be great, i think we would prefer that such firms doesn't exists.
They would still exist, just not in any country insane enough to pass a ridiculous law like this.
They stop existing within your jurisdiction. Also, the idea that the public would go along with any of this for this issue is silly. Let's start with crimes that actually cost lives.
https://spectrumlocalnews.com/tx/south-texas-el-paso/news/20...
"According to the Identity Theft Resource Center’s 2023 Consumer Impact Report, 16% of identity theft victims are experiencing suicidal thoughts."
That has nothing to do with changing the whole approach to -- really undermining the whole idea of -- corporations. Limited liability is the only way they can work. It's a cornerstone of every developed economy.
I don't think this is at all similar to jsrozner's solution, which is to assign liability to "...every person who has ever worked for IDScan at any level of management...".
The IRM is describing officers with culpability as individuals whereas jsrozner is really proposing to do without any individuate consideration of wrongdoing at all.
Holding all managers personally accountable for actions of a corporation runs up against the legal structure of a corporation -- a legal structure that is definitely not one of joint and several liability. That is what I mean when I say there is no legal basis for it. The whole point of a corporation is that the corporation is liable (which is a great convenience in many respects).
Restitution is not about who is liable but about making a wrong right. It's a different layer.