Comment Re:I would (Score 5, Insightful) 123
throw the ones responsible into jail for a long ass time to make a nice example.
While I applaud the sentiment behind this, the "ones responsible" will be some poor schmuck low on the totem pole sacrificed to the god Mammon. Probably a janitor somewhere that would be blamed for throwing away an "important memo" on "please don't do that" which didn't exist anyway.
In an ideal world, emails would be pulled, phone records retrieved, evidence recorded, and those up top would be held responsible for this. And in a really ideal world, none of this would happen. But this isn't an ideal world and fines are "just the cost of doing business."
Look at what Duke Energy got away with. Look at what they all get away with.
>letting the corporation survive
No. That won't fix anything. It has come to the point that corporate death penalties actually have to start happening to light a fire under the asses of employees that would see their livelihoods taken away by higher-ups in the corporation through mismanagement, along with boards seeing their corporate governance (and cash that goes with it) taken away, and stock holders wiped out. Only then will there be any motivation for good corporate governance.
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BMO