this post was submitted on 20 Nov 2023
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Yeah stuff like this really needs to be percentual and fined to the CEOs and the board, not the company as an entity.
Oh, Microsoft valued at 200 bil for shareholders? Well sorry C's and boardies, you gotta scrunge up 2 bil each now, personally. Those are fines they'd at least notice.
(edit)
Come to think of it, the fined-personally-to-the-decisionmaker might really be the big thing here on its own. The company did this shit under you, CEO. It was your corporate policy and hiring practices that allowed this to happen, even if you did not press the button. You pay up. You take the blame, not the people under you just following orders.
This just ignores the reason that corporations exist in the first place, to shield people from personal liability. There is a mechanism by which you can go after that called "piercing the corporate veil" but it is an extremely high bar to hit.
Which is the problem. As parent rightly pointed out, lack of personal liability is exactly why corporations pull this kind of bullshit. The solution is to lower the bar for holding individuals, particularly executives, personally responsible for the actions of the organizations they control.