this post was submitted on 10 Dec 2024
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[–] Adalast@lemmy.world 30 points 1 week ago (1 children)

Personally I want to see the criminal shield removed for corporations. All C-Level executives become personally liable for any illegal actions, malfeasance, slander/liable, or injurious action perpetrated or instigated by the company with the ONLY defense being proving, beyond a shadow of a doubt (not just reasonable doubt) that an actor within or without the company caused the action with the express intent of harming the C-Level executives, either specific or generally.

Fuck corporate personhood. Fuck people making a LLC and doing whatever the fuck they want under the guise of the company then the company declares bankruptcy while they run off like a cartoon character with bags of money. Leadership liability and culpability should be the norm, not the exception.

[–] ricdeh@lemmy.world 4 points 1 week ago (1 children)

Aren't C-Suite already liable for illegal actions? I know for sure that it's that way in Germany, and I cannot imagine it to be different in the U.S.

[–] Adalast@lemmy.world 14 points 1 week ago

Nope, they are covered most of the time by what is known as the "corporate veil".

Better explained than I can do here: https://federal-lawyer.com/when-can-a-ceo-be-held-personally-liable/

Essentially, unless they are personally doing it, they are protected. Embezzle millions and you go to jail, poison a water supply, kill thousands, give birth defects, cancer, and a myriad of other health issues to a community at large and only the corporation is liable/culpable.