RE: accountability
Just *today*, Wednesday 26 October, the SEC passed a ruling that will require executive bonus clawbacks from companies found guilty of malfeasance
https://www.reuters.com/markets/us/us-sec-vote-executive-compensation-clawback-rule-2022-10-26/
What is the "big" surprise?? [/s] That the Republicans on the board voted against it.
OF COURSE THEY WOULD.
Yet more proof that American conservatives never met Big Money interests that they don't like.
You see the hand wringing that this FTC ruling brings. Poor Little Rich Boys. Imagine, having to put up with being penalized for their own [in]actions! The HORROR!!
""Moreover, it's not clear whether the FTC has a process for individuals to contest these sorts of personal decisions, since it looks like it will follow them for the rest of their lives."
I know! So horrible! When *we*, the lowly peasants, fail or get fired, we get bad references or even 'blacklisted' in our industries through the "grape vine". How DARE a CEO be subject to the same!!
How will they maintain their 3 vacation homes??!
Biting the hand that feeds IT
