Solves the “too big to fail” problem as the company continues to exist, the ceo ends up in jail and the owners end up broke, but the work still gets done.
This is better than corporate death penalties but still more complicated than fines. Massive fines are the answer.
> Solves the “too big to fail” problem as the company continues to exist, the ceo ends up in jail and the owners end up broke
So do fines and bankruptcy. CEO won’t go to jail, but they’ll spend the rest of their lives fighting shareholder lawsuits. Feed them to the wolves.
One important lesson to be learned from the past 20 years: if you're sued, don't go to court. If you're dragged to court, say "fuck you, I'm not going and I'm not paying." If you have enough money, they literally will not do anything. They'll just have endless sham court cases that you're free to ignore and there will never be any consequences.
Alex Jones is up to a few billion dollars in settlements against him. He's had court cases against him for, what, over 10 years now? He's still running his show, still getting money, and he's openly mocking the courts. Judges don't care. Whatever people work in the frameworks that allegedly exist to enforce judgments don't care. They're getting their salary either way.
A better lesson is that you can be "on the radar" but far enough from the central hotspot that you are not a priority. Alternatively you need someone to have your back and be your heatshield while you keep trudging along.
A fine is low stakes because the company more likely than not will have a way to recoup that loss. There is an obvious calculus to that which is practically a cliché to mention. A lawsuit just puts it on the people to succeed in civil proceedings at their own expense, over a potentially lengthy period of time.
Western countries like the UK and US tend to be quite soft on businesses engaging in practices that would land an unremarkable working class person in prison if they were caught doing the same.