this post was submitted on 10 Jun 2025
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Got your point, unluckyly every law can be abused if not based on hard evidences (and even in this case it is not bulletproof). And of course it is not automatic so a due process is obviously necessary where you need to prove that Jim is in the wrong.
But we already have similar laws here and they seems to work pretty well.
For the mega corps the real threat is the fine, the mandatory jail time for the CEO (or the board members or whoever is in real control) is only a way to have the people who need to control to make their work. A company, big as you want, is not some abstract entity where things where done by some abstract figure. In the end there is always someone who approve everything and the CEO (or the board) is the ultimately responsible.
Just imagine how much control the shareholdes would make on Zuckemberg if they know they are one lost court case from losing half their money.
And no, rotating the CEO is useless, criminal charges are personal so if you as CEO make something illegal and then quit, your charges do not trasfer to the new CEO.
Then he will check what the company do. He want the big buck, it is right it also has the accountabilty.