The Boards of sophisticated financial companies such
as Merrill Lynch and Citigroup should have known the
downside when they allowed their CEOs to transfer
the risks of derivatives trading onto their company’s
balance sheets. They should all be held accountable.

The people who ought to be accountable and those who will be held accountable are two different species. No one has yet figured out that he who dies with the most toys is dead.
…What can I add…
At least in the U.S. they are fired (sometime…) In Italy, we just recycle them to other financial institutions and companies so that they can keep messing…
Stay off our stock-market, believe me!
It’s the whole ‘everyone else is to blame’ mentality…
For a humorous exploration of the concept, pick up a copy of Ben Elton’s ‘Popcorn’, a satirical novel that rocks several pairs of…footwear.
Very Smart, I like that you are tackling this angle a bit and completely agree. CEOs know the whole picture and should be held accountable.
u made me 2 think abot dis issue…..
Very mind poking thought here Seraphine. But yes they should be held accountable, they are being payed to make important decisions that should be to the benefit of the company and not only to fatten their pockets.
good job with this one.