The issue I have with the “just don’t do anything illegal” argument is that depending on how the illegality is defined, it can be used as a tool for bad actors. Take for instance something like the afformentioned 50% penalty with mandatory jail time for repeat offenders, if I decided that jim’s furniture store shouldn’t exist anymore, I would only need to find some tiny thing wrong with their data handling, like for instance, assuming this specific hole exists, that they asked for contact info before it’s needed for purchase verification. Now they may lose on this minor infraction, and pretty much any small business will die a horrible death without half their revenue.
Got your point, unluckyly every law can be abused if not based on hard evidences (and even in this case it is not bulletproof). And of course it is not automatic so a due process is obviously necessary where you need to prove that Jim is in the wrong.
But we already have similar laws here and they seems to work pretty well.
Meanwhile the mega corps will likely find some workaround do to their high priced lawyers, but even assuming we make a rock solid definition, they still just cycle the ceo immediately,
For the mega corps the real threat is the fine, the mandatory jail time for the CEO (or the board members or whoever is in real control) is only a way to have the people who need to control to make their work. A company, big as you want, is not some abstract entity where things where done by some abstract figure. In the end there is always someone who approve everything and the CEO (or the board) is the ultimately responsible.
Just imagine how much control the shareholdes would make on Zuckemberg if they know they are one lost court case from losing half their money.
And no, rotating the CEO is useless, criminal charges are personal so if you as CEO make something illegal and then quit, your charges do not trasfer to the new CEO.
because no one will want to be an active ceo when they are one court case from jail.
Then he will check what the company do. He want the big buck, it is right it also has the accountabilty.
Nope, just a regular guy that do not speak English as first language.
But let me rephrase it, even if i am sure you understand what I mean.
When NASA was developing the rocket to go to the moon (the Apollo V) they had their large shares of failures, exactly like SpaceX is having now while developing Starship (and before it, the Falcon 9) which is even more complex and bigger than the Apollo V.
You are right. But again, I am sure you understand what I mean, but ok, let me rephrase also this.
Musk is sometime too borderline but I suppose that actually he really don't want to ruin his companies because, for bad as you can think about him, I think is not that stupid.
Wait, do you really think that Musk is the one that is doing all the jobs at Tesla and SpaceX ?
Again, you can think what you want about Musk himself, but the track record for SpaceX (over 250 launch in 2024) and Tesla (it demostrated something that every other car manufacturer deemed impossible) does not seems too bad.
And I would like to have an estimate about the "large amounts"
But feel free to attack my grammar and hate Musk.