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It would be a bad idea to shut the company down totally, but if you wanted to enact a death sentence, just cease the shares and auction them off again. The com
by rhino369 11y ago
It would be a bad idea to shut the company down totally, but if you wanted to enact a death sentence, just cease the shares and auction them off again.
The company still operates--which allows employees to keep their jobs and the economy doesn't take a huge GDP hit--but the owners pay the price.
- jessaustin 11y agoHow would this proposal solve any problems? The executives of the firm are the ones who, ahem, actually decided to break the law. Why should they keep their freedom, to say nothing of their jobs? The various index funds and pension plans that you want to penalize were never informed of the scheme.
- rhino369 11y agoNew ownership would presumably clean house. And this wouldn't prevent those who were involved from being charged as well for their individual role. >The various index funds and pension plans that you want to penalize were never informed of the scheme. I only meant this how you'd carry out a corporate death penalty without hurting third parties. Any corporate death penalty would wipe these share holders out anyway.