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The Politics of Joy, Telegram CEO Arrested, and Guest Host Adam Grant
Pivot
Fines Foster Negligence
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Arresting CEOs may be necessary as financial penalties often fail to deter unethical behavior. When companies face fines, they may perceive them as a permissible cost of doing business, leading to continued exploitation practices. A behavioral economics experiment demonstrated that when daycare centers implemented fines for late pickups, parents began to treat the fines as an inexpensive extension of childcare, resulting in increased tardiness. This pattern suggests that without stricter consequences, corporate leaders might prioritize profit over ethical responsibilities, especially regarding serious issues like the exploitation of minors.
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