this post was submitted on 29 Jul 2026
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We really do need a way to send companies to prison. If you behave like that as an individual, you are getting jailed. We obviously can't jail a company, but simply slapping some fine on them for criminal behaviour while their henchmen might get prison time is not the best way forward. So we might need something like "if your company is doing crimes, it gets disbanded" or so.
Hold the board liable.
Yup. Jail everyone director level and above who had knowledge of the crime and didn't report it.
Well we'd have to build bigger prisons, and we'd have to ban privately owned prisons otherwise it would become an infinite loop.
Strip their C-levels of limited liability for corporate criminal behavior.
Revoking the corporate charter is, as you say, another excellent option, since that'll burn the fingers of shareholders. That's a strong incentive for more effective corporate governance.
The weakness of existing corporate governance is also a cause of the insane inflation in senior executive compensation. Corporate profitability has barely changed, but executive pay keeps skyrocketing. Meanwhile, in Japan and Korea, executive pay is far lower, but the companies perform about the same.
If the crime results in life in prison or the death penalty maybe.