Post

Richard Meredith
@rtm223.me

Once you're fining a company $25B for violating laws, you really do need to be identifying he people responsible and either A) Sending them to prison, or preferably B) Removing *entirely* their ability to manage businesses or hold stocks

Katie Drummond@katie-drummond.bsky.social

“Added up, that’s a lot of billions. And yet: It’s still just the cost of doing business for Meta.”

wired.comHow Many Billions Would It Take to Hold Meta Accountable?Meta got hit this week with its biggest fine yet, the latest in a mounting pile of court-ordered payments.

2 reposts10 likes

Richard Meredith
@rtm223.me

I genuinely believe there needs to be a legal structure for us, as a society, to say, "you ran this company so bad and did so much harm to us, that you will never be allowed anywhere near influence over another company again"

Richard Meredith
@rtm223.me

Like, you can still have a job, and a pension account, maybe even let you invest in funds or some other indirect investments. But you're not having a executive or management position, nor trade stocks again, and all your prior stocks are held by a government trust now

Jon Wood
@jonwood.bsky.social

This is a thing in UK law, where courts can bar someone from being a director or other person with significant control of a registered company (usually for a period of time), similar to banning someone from driving if they do so recklessly.