eBay agreed to pay nearly $50 million to Massachusetts journalists David and Ina Steiner under a newly finalized settlement resolving a lawsuit over a 2019 cyberstalking campaign carried out by former company employees
Strip their C-levels of limited liability for corporate criminal behavior.
Revoking the corporate charter is, as you say, another excellent option, since that’ll burn the fingers of shareholders. That’s a strong incentive for more effective corporate governance.
The weakness of existing corporate governance is also a cause of the insane inflation in senior executive compensation. Corporate profitability has barely changed, but executive pay keeps skyrocketing. Meanwhile, in Japan and Korea, executive pay is far lower, but the companies perform about the same.
Strip their C-levels of limited liability for corporate criminal behavior.
Revoking the corporate charter is, as you say, another excellent option, since that’ll burn the fingers of shareholders. That’s a strong incentive for more effective corporate governance.
The weakness of existing corporate governance is also a cause of the insane inflation in senior executive compensation. Corporate profitability has barely changed, but executive pay keeps skyrocketing. Meanwhile, in Japan and Korea, executive pay is far lower, but the companies perform about the same.