Otter to World NewsEnglish • 6 months agoBoeing pleads guilty to a criminal fraud charge · BBC News - Worldwww.bbc.comexternal-linkmessage-square32fedilinkarrow-up1373arrow-down11cross-posted to: economics
arrow-up1372arrow-down1external-linkBoeing pleads guilty to a criminal fraud charge · BBC News - Worldwww.bbc.comOtter to World NewsEnglish • 6 months agomessage-square32fedilinkcross-posted to: economics
minus-square@ModvalinkEnglish45•6 months agoGo after the individuals responsible, the company leadership created a culture which maximizes profits over safety. By simply fining them we are saying that the cost of human lives can be factored into the cost of business.
minus-square@[email protected]linkfedilinkEnglish11•6 months agoThey’re obeying the shareholders. So long as the corporate veil persists, they’ll keep finding fall guys who will take the risk. Yes I am aware of why the corporate veil exists, and it’s a bad reason.
minus-square@JoshuaFalkenlinkEnglish3•6 months agoSo long as executives have a fiduciary responsibility to generate returns for the shareholders, they can dust their hands of making decisions that kill customers so long as a profit is made.
Go after the individuals responsible, the company leadership created a culture which maximizes profits over safety.
By simply fining them we are saying that the cost of human lives can be factored into the cost of business.
They’re obeying the shareholders. So long as the corporate veil persists, they’ll keep finding fall guys who will take the risk.
Yes I am aware of why the corporate veil exists, and it’s a bad reason.
So long as executives have a fiduciary responsibility to generate returns for the shareholders, they can dust their hands of making decisions that kill customers so long as a profit is made.