Sure, but where's the jail time for executives. This may be a bit more than the usual slap on the wrist, but its hardly consequence that actually matters to the likes of Meta. This will keep happening until those at the top are held personally responsible for the crimes they sign off on.
> This will keep happening until those at the top are held personally responsible for the crimes they sign off on.
Cambridge Analytica was a decade ago and there hasn’t been a similar Meta scandal since, so it seems like the deterrent has worked.
No one will bother making a move on the execs until the get-out-of-jail-free cards they bought from the current president are no longer valid.
If only software engineers were liable like real engineers are
The judgement here was for violation of civil law, not criminal law. If New Mexico would have gone after the executives, the result would have been a much smaller fine, not jail. Or are you suggesting the executives should have been prosecuted for some criminal law violation? If so, what?
The literal point of incorporation is that you as a shareholder or proprietor of a business are legally separated from the corporation in the eyes of the law.
We need reforms on corporate governance. Right now Meta is basically Mark Zuckerberg and a bunch of bag holders. They can't vote him out because he has both a board seat and majority voting power all on his own. Dumping the stock is far from a safe thing for institutional investors to do if they want to avoid lawsuits or regulatory attention.
It needs to be illegal for you to both be the CEO of a publicly-traded company and the voting majority shareholder. Note I say majority, not major plurality.
Executives cant goto jail, they are already taking responsibilty.
> where's the jail time for executives
Our American obsession with jail is nuts. The violation at hand was “misleading state citizens about how it safeguards and collects user data.”
Lots of folks at Meta should be criminally investigated. But not for this, not unless someone willfully signed off on a lie.
> This will keep happening until those at the top are held personally responsible
Perfect is the enemy of the good.