I’d like to see a law where this immediately dissolves the company.
Yep, there needs to be real consequences. In addition, no member of that board or executive team should be able to act in those positions in any company for like 5 yrs.
They should be in prison.
That would be a very effective way to keep them out of those positions.
Can you not be on a company board from prison?
The rich and powerful don’t live by the same set of laws, so there won’t be. Best they can do is a slap on the wrist with no further impact.
Amazon has remained untouched from their price fixing, AmazonBasic product rip offs, union busting, poor worker conditions, etc.
This too shall pass uneventfully
Corporation - n.
An ingenious method for securing individual profit without individual responsibility.
- Ambrose Bierce, The Devil’s Dictionary
Damn you for being exactly right!
Yeah but then how would I be able to get that napkin holder that I ordered in my underwear delivered tomorrow! You don’t understand how much I need this thing right now even though I can’t be bothered to get dressed and drive my ass to the store.
How about if the company is so large and sewn into the fabric of the modern world then instead of dissolving the company it instantly becomes a public utility, turn the shares into treasury bonds, and jail the executives?
I don’t really see any other company building massive warehouses that employs millions of underserved people and providing them with decent paying jobs with good benefits. I don’t think 1.6million Americans should be unemployed because of shady actions of the execs.
It’s a myth that corporations are job creators. Their very premise is that they can do the same job for less because they have fewer labor costs.
People are still fling to buy shit. Maybe they have to do it locally instead? Probably some other company would step up to replace their monopoly. It’s only be an improvement.
wow, turns out that telling criminals that youre going to be looking for evidence in a few months isn’t actually a good idea. who could have guessed?
If you have the list of all documents before and after, you let the defendant do the discovery for you
If you have some drugs in your home, police will do a no-knock raid.
If you steal billions, they let you know months in advance and also adapt to your schedule.
of course they did, the penalty for getting caught destroying evidence is far, far less than the penalty for the price fixing they’re accused of. the law is designed to incentivize them to do this.
we could make it so that the penalty for destroying evidence in a court case once its been subpoenaed is twice the penalty of the original case, but we don’t. we could make CEOs responsible for the actions of their employees (after all, they’re quick to claim responsibility for the actions of their employees when those actions generate money), but we don’t.
It’s not though. It usually laxed but generally rules of procedure allow a judge to accept spoliation as proof of the crime they’re accused of.
It’s not going to stop until we start holding executives physically responsible for their crimes in disfiguring ways. “Why is the right half of your face missing, Bob?” “Insider trading” he writes on an index card because he’s been debarked.
I will only be surprised if someone actually ends up going to prison. More likely, the company will just get hit with a fine that’s just the cost of doing business.
Although Romney said, “Corporations are people too, my friend” you can’t throw Amazon in jail.
Closest they can do is a forced break up. A “Ma Bell” so to speak 🔔
Amazon now has to direct all managers watch a data retention video every year for the next five years, is allowed two years to roll this out, and can appeal in 3 years.
I am sure they hired a fall guy.
Seems like that would be illegal and they should be on trial. I wonder if I went into Amazon and started to destroy a PC or two would I be held accountable?
Not if you destroy the evidence that you destroyed a PC! /s
