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As a shareholder, how are you supposed to police for this kind of situation? The shareholders were lied to as well.
by PavleMiha 11y ago
As a shareholder, how are you supposed to police for this kind of situation? The shareholders were lied to as well.
- mikeash 11y agoI don't know, but you could ask that about anything a company does. The whole point of owning shares is that you share in both the successes and failures of the company. If the company has a significant downside potential that you can't control for, then you need to account for that when buying shares. In terms of losses to shareholders, this is no different than if VW had decided to burn all their factories to the ground and go into the sausage-making business, which then failed spectacularly. The shareholders get "punished" for that, and we would expect nothing different. Why should a legal failure be treated more leniently than a financial failure?