If not, bank regulators should consider imposing some measure of personal liability on the most highly paid executives of banks that fail.
We have already suggested imposing on the most highly paid investment bankers some measure of personal liability for the debts of their firms in the case of insolvency – although stopping short of full joint and several liability.
"The danger is if they fail to report the crime, the next day, week, or year, if the employee assaulted someone else, that would be evidence that the store bears a measure of civil liability," said Sercarz.
If so, a measure of intrinsic liability to fold should indicate a difference between these two groups.
The ability to include a continuous measure of genetic liability in statistical models is an important advance for the field (more on this topic below).
The potential benefits and risks associated with the inclusion of measures of abuse liability in industry-sponsored clinical trials is discussed.
Mr. Buffett typically highlights book value, the measure of assets minus liabilities, in his annual letter to shareholders.
But colleges, high schools and club teams may be forced to consider severe measures in the face of liability issues, like raising fees to offset higher premiums; capping potential damages; and requiring players to sign away their right to sue coaches and schools.
And since the warning might conceivably help in some measure to relieve the tobacco companies of liability for damages arising out of lawsuits brought by the estates of deceased smokers who died of lung cancer, the tobacco men were unworried about this concession anyway.
"The accounting suggests that governments can provide pension benefits at half the cost of a private-sector fund," says Mr Biggs.A more prudent way of measuring the liability is to regard a pension as a debt that the state owes its employees.
