The lack of serious consequences of doing harmful business is indeed one of the big issues we have got in western society imho.
Breaching human rights like privacy is just a risk trade-off where the company makes a cold calculation of weighted costs. Companies are well protected against individuals by means of juridical and financial power imbalance.
Fines are usually something to laugh at and well worth the cost. Even if not, the burden is on the company and not the executive.
We need to have a system where the current executives get jail time for these kind of crimes. This ensures that executives will only accept such a role when they are certain that the company is "clean", i.e. they wont risk jail time because of previous CEO's fuckups.
not to disagree, but imo it is the main purpose of a corporation to shield individuals from consequences hence increasing the level of acceptable risk and with it the velocity of business developement. (all for the greater good)
The liability shield may have made better sense when corporations were actually given charters because they were expected to serve a public good. it doesn't seem to be the case where that is true any more. If it ever was? Now it seems that corporations only exist to make money. Public good be damned.
Fines are usually something to laugh at and well worth the cost. Even if not, the burden is on the company and not the executive.
We need to have a system where the current executives get jail time for these kind of crimes. This ensures that executives will only accept such a role when they are certain that the company is "clean", i.e. they wont risk jail time because of previous CEO's fuckups.