Subject:
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Re: Art Debate Was: [Re: Swearing?]
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Newsgroups:
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lugnet.off-topic.debate
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Date:
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Wed, 26 Jan 2000 17:03:48 GMT
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Viewed:
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2420 times
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In lugnet.off-topic.debate, Christopher L. Weeks writes:
> > Who enforces all of this? Does government have the power to fire a CEO and
> > tell them to get a new one in to create a better structure?
>
> No, the courts have the power to try and fine/punish them. I don't
> think they should be able to fire CEOs. But, if they kept a CEO who'd
> been found grossly negligent, next time around, I think the court should
> find each of the stockholders guilty to whatever degree they owned the
> company and fine the heck out of them too.
Ah.. so after the second time they spill nuclear goo in a kiddies
playground(1), things will change? Unless they've got a new CEO who does
exactly what the old one did? My point is that having to wait for a company to
violate rights a second time before then *maybe* taking further action, is
insufficient incentive to keep them responsible.
Under Libertarian thinking, could you justify removing a CEO from office if you
proved that keeping the CEO in office would lead to further violation of
rights? Or could you threaten the CEO with something if they didn't improve
company structure?
I am interested in the mechanics - If all you can do to a company is fine some
of its employees, then how will that make them more responsible? What is
stopping the company from underwriting the fine for the employee and keeping
them on?
This isn't an attack on Libertarianism - it's a problem with *any* system I
think.
Richard
1 - Example not important, read it as any suitably significant violation.
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Message has 1 Reply:
 | | Re: Art Debate Was: [Re: Swearing?]
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| (...) Except that the fines from the first time would be sufficient incentive. And would also be sufficient incentive to prevent all the other companies in that industry from following their example. Perhaps I'm not following you. (...) I don't (...) (25 years ago, 27-Jan-00, to lugnet.off-topic.debate)
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Message is in Reply To:
| | Re: Art Debate Was: [Re: Swearing?]
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| <Fox8H5.9D4@lugnet.com> <FoxrLq.Cn8@lugnet.com> Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit (...) That's basically what I was getting ready to say. (...) No, the courts have the power to try and fine/punish them. I (...) (25 years ago, 26-Jan-00, to lugnet.off-topic.debate)
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