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How To Punish Leadership Negligence

How To Punish Leadership Negligence

by Toby Lucich on May 25, 2010

In any sensible system of institutional governance, negligence would be sanctioned. So why is it that leaders of major corporations often seem to escape punishment for negligent conduct? Why is it that Tony Hayward, the head of BP, can publicly admit that it was “probably true” that the company should have done more to prepare for deep-water drilling emergencies and still keep his job?

So long as we fail to hold business leaders to an appropriate standard of care, we can expect these sorts of disasters to continue. The heads of corporations are seldom held personally accountable for the negligent acts of their organizations.

How To Punish Leadership Negligence

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