>At the extreme end, research shows that 1 in 3 CEOs are fired within 18 months.

And the size of the parachute they get when they're tossed from the plane? I know that there are many small companies with someone in a "CEO" position who might not be hugely compensated, but speaking of CEOs at major corporate ventures here, as is commonly understood when one talks about questions of executive responsibility (or lack thereof), let's be real on some actual severance figure averages for a clearer picture of consequences and "punishment".

Being fired is not being held accountable, it is being terminated

> Being fired is not being held accountable, it is being terminated

Termination is the end result of a process

It is not unreasonable to think that is an accountability process of some sort...

You're talking about being accountable to shareholders

I am talking about being accountable to society

What do you recommend then instead of losing your job and by extension the ability to affect society in a big way?

Jail, mostly

I just think that "our company got caught doing seriously illegal / negligent shit but don't worry we fired the CEO who oversaw all of it after paying them 10s of millions of dollars" is really not a punishment to either the company or the CEO

It's kind of a rigged system that ensures no one is held accountable

Oh, "the company" gets fined a fraction of the value they gained from behaving illegally, the shareholders get a ton of money, the executive team gets a golden parachute, and society gets fucked

Honestly we should be putting people to death for this behavior, instead many of us applaud what great business sense everyone involved has