> it's more like because governments have started to try to assign criminal liability to seniormost execs, not just to the people responsible.
seniormost execs exist to be the people who are responsible. They get the big bucks because they're supposed to be accountable for everything that goes on under their watch.
If they don't want the liability, or can't actually supervise sufficiently to prevent crime, then they shouldn't accept the job. If they want to take the paychecks and golden parachutes, they can also take the prison sentences.
BS. they exist to accept some level of responsibility but it's impossible to make them anything except scapegoats in orgs of a certain scale. if you disagree, you are either misinformed or simply hate them and want an excuse to jail them.
do you know how many managing directors JPMC has? this is just one bank and we're talking about a very senior position, half-a-million-a-year base salary sort of seinor. they have around 1,600. it is impossible for one person to manually oversee even what's a pretty high-level position with many direct and indirect reports. impossible to manage this without trusting subordinates.
it sounds like you are motivated more by schadenfreude or malice towards these people because of "paychecks and golden parachutes". this isn't a good-faith position or a reasonable policy.
seniormost execs exist to be the people who are responsible. They get the big bucks because they're supposed to be accountable for everything that goes on under their watch.
If they don't want the liability, or can't actually supervise sufficiently to prevent crime, then they shouldn't accept the job. If they want to take the paychecks and golden parachutes, they can also take the prison sentences.