They want to slap Mark Zuckerberg
Quote from Ndubuisi Ekekwe on May 9, 2019, 11:56 AMThey want to slap Mark Zuckerberg - big money, big responsibility. If you have to be personally rewarded for success, you also have to be punished personally when things go bad on compliance, Fortune notes.
The New York Times reports, in fascinating detail, that a sticking point in the Federal Trade Commission’s proposed settlement with Facebook is whether to hold CEO Mark Zuckerberg personally culpable for his company’s violation of an earlier agreement with the agency. I don’t even play a lawyer on TV, but it’s hard to imagine a scenario where this particular CEO, who founded Facebook in his dorm room, who controls its shares, and who is universally understood to be it decider-in-chief on matters great and small, couldn’t be personally culpable for its transgressions. It’s funny how, when the subject of CEO pay comes up, defenders go on about how singularly important the boss is and thus is deserving of compensation orders of magnitude greater than the average worker at said boss’s company. But when there’s a screw-up? Oh, that’s the company’s fault.
They want to slap Mark Zuckerberg - big money, big responsibility. If you have to be personally rewarded for success, you also have to be punished personally when things go bad on compliance, Fortune notes.
The New York Times reports, in fascinating detail, that a sticking point in the Federal Trade Commission’s proposed settlement with Facebook is whether to hold CEO Mark Zuckerberg personally culpable for his company’s violation of an earlier agreement with the agency. I don’t even play a lawyer on TV, but it’s hard to imagine a scenario where this particular CEO, who founded Facebook in his dorm room, who controls its shares, and who is universally understood to be it decider-in-chief on matters great and small, couldn’t be personally culpable for its transgressions. It’s funny how, when the subject of CEO pay comes up, defenders go on about how singularly important the boss is and thus is deserving of compensation orders of magnitude greater than the average worker at said boss’s company. But when there’s a screw-up? Oh, that’s the company’s fault.