posted in Technology

sanitation@sanitation@lemmy.today

eBay has agreed to pay nearly $50 million to couple sent cockroaches, bloody pig mask

abcnews.com/US/wireStory/ebays-agreed-pay-50-million-couple-cockroaches-bloody-135165212
ABC NewseBays agreed to pay nearly $50 million to couple sent cockroaches, bloody pig maskeBay agreed to pay nearly $50 million to Massachusetts journalists David and Ina Steiner under a newly finalized settlement resolving a lawsuit over a 2019 cyberstalking campaign carried out by former company employees
JensSpahnpasta@JensSpahnpasta@feddit.org

Replying to @⁨sanitation@lemmy.today⁩

We really do need a way to send companies to prison. If you behave like that as an individual, you are getting jailed. We obviously can’t jail a company, but simply slapping some fine on them for criminal behaviour while their henchmen might get prison time is not the best way forward. So we might need something like “if your company is doing crimes, it gets disbanded” or so.

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phutatorius@phutatorius@lemmy.zip

Replying to @⁨JensSpahnpasta@feddit.org⁩

Strip their C-levels of limited liability for corporate criminal behavior.

Revoking the corporate charter is, as you say, another excellent option, since that’ll burn the fingers of shareholders. That’s a strong incentive for more effective corporate governance.

The weakness of existing corporate governance is also a cause of the insane inflation in senior executive compensation. Corporate profitability has barely changed, but executive pay keeps skyrocketing. Meanwhile, in Japan and Korea, executive pay is far lower, but the companies perform about the same.