When can we hold systematic torturers accountable, or is that too much now?

[specimenfred1984]

I know, you just want to focus on your money and stay so dumb that you can't even see how holding criminals accountable for torture directly relates to holding banks accountable for their crimes. It's called justice and it doesn't work part-time for rich, politically connected people, it either works for everyone or it doesn't work at all.

Notice how frightened Wall St. is today over a CEO being held at least partially accountable. Holding the corrupt bastard accountable sends a clear message; we will not tolerate criminals running things anymore. Try to get over your selfish greed for just 1 minute today and try to recognize that holding a CEO accountable for losing $80 billion in 5 years is a good thing for American workers, unions, investors and owners.

[sui generis]

1. important business it is

unlike those pesky gays wanting their equal rights and the ability to serve openly.

It's good to have priorities. Let's all hold hands and sing kumbaya while passing out the pitchforks and torches.

I agree, a CEO of a public company is accountable. There is a huge difference between accountable and responsible.

But here's a twist for yer knickers: the board is also responsible for keeping that CEO in place. Moreover if the board is not recommending a better CEO (or other C-level director) in an SEC regulated financial entity, then the board should also be accountable for losses. In fact, let's just take the lipstick all the way off this pig:

The SEC is also accountable. If it's not, then the legislators who voted to de-regulate should be accountable.

Hell, everybody who votes and breathes is accountable, just not responsible.

Now, who are we supposed to be torching and forking today?

[Winterblues]

2. More often than not a CEO has controlling interest in the company

The board can only make changes if they have a combined interest of over fifty percent. Usually the CEO has at least fifty one percent. That may not hold true for the really Giant Corporations but most Corporations fall into that category.

[sui generis]

3. CEO of a private corporation, generally true

but the publicly traded guys generally won't have gotten out of mezzanine without a restructure to hobble the CEO. We're talking about the big guys (the RGC's) ;)