re: #169 Hecuba’s daughter

It’s not the managers that need the punishment; most of them are striving to maintain a comfortable, but not particularly lavish, lifestyle for their families. It is only if the CEOs and top officers of companies are impoverished and imprisoned for their crimes that we can have justice. I am still infuriated that BP executives escaped any real punishment for their crimes against this planet and their murder of their workers.

I think this misplaces the responsibility a bit. Yeah, CEOs, Officers, and Boards of Directors bear responsibility, but the thing is, they’re all just hirelings. Shareholders hire them to make them money. You may punish the hirelings with prison, fines, etc. But the OWNERS who hired them and encouraged the behavior will never lose more than their original investment.

This is how and why corporations were created, to protect the owners from losing more than their original investment. If a Billion Dollar Company does 10 Billion dollars damage, where does the extra 9 Billion come from? You can sell all the assets of the company, default on the bonds and fire all the workers, and the owners just lose whatever they paid for the stock.