Re:Volkswagen overtakes Toyota as the world's biggest carmaker
by tominous on Tuesday January 31, 2017 @12:59AM
(#13528107)
It's easy to talk about a corporate death penalty, but that's not really in the interest of society.
Take Arthur Andersen. After the Enron scandal, Arthur Andersen was basically split up and absorbed into the other accounting firms, especially Deloitte and EY. Are we really better off having the Big Four accounting firms instead of the Big Five? I'd say we need more competition, not less.
Not to mention the many innocent parties around the world who lost out due to the actions of a few.
I'd be in favour of sanctions that target those responsible and the chain upwards to the top, rather than a business as a whole. Even clawbacks of past bonuses, although that would be logistically very difficult.
Take Arthur Andersen. After the Enron scandal, Arthur Andersen was basically split up and absorbed into the other accounting firms, especially Deloitte and EY. Are we really better off having the Big Four accounting firms instead of the Big Five? I'd say we need more competition, not less.
Not to mention the many innocent parties around the world who lost out due to the actions of a few.
I'd be in favour of sanctions that target those responsible and the chain upwards to the top, rather than a business as a whole. Even clawbacks of past bonuses, although that would be logistically very difficult.