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FTC's rule banning fake online reviews goes into effect
(abcnews.go.com)
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this post was submitted on 22 Oct 2024
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Jailing CEOs works better only because money is easy to manipulate. Loosing 20 years of profit just means bankruptcy. Make a new name new company buys all assets of bankrupt at fault company and nothing but the name changes. I'm with the idea that if companies have personhood than the person in charge is responsible for harm that personhood does.
I wonder if having to face consequences for their actions would change how CEOs behave 🤔
The CEO would just be a fall guy, and the decision-making would go to someone else.
I mean given the depths they'll go through to dodge taxes I think they absolutely would change behavior.
No. That's not what that means. Profit by definition is the excess revenue that isn't required to run the business.
Cool, so just do stock buy backs to eat the profits while rewarding the executive suite
So again. Profit is the excess revenue (this time in bold and italicized) that isn't needed to run the business. Believe it or not stock buy backs aren't required to run a business. Weird huh?
Compensating your employees is an expense needed to run the business. Those buybacks is just the cost of doing business.