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And the parent comment does not disagree with this. It's just that harsh punishment for executives might not improve the selection - in fact, it might be adverse selection, since increasing the risk will lead actually good people to avoid the position.

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Are you seriously claiming that people would avoid position with millions of compensation just because their poor decision making could lead to the same consequences many of the worker class need to endure for their actions?

Unfortunately I think that's a hard yes - because these people don't have to accept these positions. I think that this kind of high stakes gambling is part of the problem here...

Much better to defuse responsibility in the executive suite and pressure shareholders in general to ensure good governance.

People who value their peace of mind or long term safety might.

Reckless, impulsive, emotionally empty people won't be deterred at all

> And the parent comment does not disagree with this

I think it kinda does? Dictators tend to demand unethical behavior from subordinates, and they tend to demand loyalty more than results while also expecting results.

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