No??
The CEO's bonus must be docked, the CIO must be fired, all the top executives who were in the decision chain of the security decisions must have their bonus forfeited, pay docked and a few of them should be fired too, Unless we see a strong reaction that hits the top management hard, they are not serious. When the things were going was good they had no compunctions in attributing it all to their own super brilliance and their actions and decisions. Thus they justified awarding themselves compensation two orders of magnitude more than rest of the corporations.
They must also take the blame as seriously and pay for it in terms of cash and career prospects.
They should, but they won't.
Piltdown Man was once "consensus". We know how that turned out.
And who proved the Piltdown Man hoax? Was it your fire and brimstone sermon delivering priest? Was it your friendly neighbourhood law firm Dewy Chetham and Howe? Was it the Member of Parliament? Or was it a member of House of Lords? Who showed Piltdown Man hoax?
It was another scientist, buddy, another scientist. The track record of correcting their mistakes, is pretty good for scientists. In fact they are the ones with a very good working system to correct their own mistakes. How many religious heads have been proven wrong by others in the same fold?
Think about it, "Onward Christian Soldiers!" cried Britain. "God is with us" claimed Germany. Both sides had chaplains who sent their soldiers to kill the other side. At the end, was there any religious head who came out and said, "We were wrong!"?.
My point is, all of them go wrong. But science has a self correcting process.
'Let's be clear: the work of science has nothing whatever to do with consensus. Consensus is the business of politics. Science, on the contrary, requires only one investigator who happens to be right, which means that he or she has results that are verifiable by reference to the real world. In science consensus is irrelevant. What is relevant is reproducible results.'"
The phrase "One investigator who happens to be right" assumes one would be able to tell who is right and who is wrong immediately as it happens. The consensus is agreeing who got reproducible provable results.
People who do not understand science, who want to game the system are intentionally gaming the system. They bring in rules used in philosophical debates and legal arguments into science. Equal time for both sides works ok in philosophy and in courts. But not in science. Let us say one side has tons and tons of data and the other side is waving hands. Giving equal time to both is doing a great injustice to the side with data.
If one side is just asking questions, raising doubts, etc and the other side is actually answering the questions and clearing the doubts, it is a great injustice to give equal time to both. It takes much longer to answer questions than to raise them.
One should gain standing to raise doubts. Getting funding from industry groups with vested interests is not getting the standing. Must publish in the relevant field, get peer reviewed papers. Must risk reputation gained by hard long work to raise questions.
All I am saying is this emphasis on leadership and creativity is a little too much. Leads to "All Chiefs and no Indians" problem. Good, strong, independent thinking followers are as important to science as leaders. And we need an order of magnitude more followers. If anything we should reduce the incentives for creativity so that only truly creative people shine through.
[*1] Power Law: aka 80-20 law. 80% income by top 20% of earners, 80% of crime by 20% of criminals etc.
These are the graduates who end up in USA via H1-B process most of the time in HR, IT, banking projects. Quality of the graduates vary significantly. But they all make decent salaries in USA, comparable to high quality engineering grads from US schools on salaries. I have seen these programmers of questionable abilities pulling 100K to 140K a year easily.
These legislators have been slipping such clauses into the law all the time, and this time they got caught. Otherwise they would have happily forced the value of pi to be 3.0 exact.
Do you have problems with the legislators decreeing what interpolation technique the scientists must use? Limiting the data sets they might use? Or do you modify the bill after getting caught with hands in the cookie jar and then whip up prodigal quantities of false outrage?
But looks like Apple is also talking to MC/Visa. So Apple does not seem to be competing with them, rather it is also looking to get a cut like the issuing banks are doing now.
Friction is a drag.