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Enron was a public company, Lehman was a public company in the financial sector (even more heavily regulated), Volkswagen is a public company... I don't think
by josu 11y ago
Enron was a public company, Lehman was a public company in the financial sector (even more heavily regulated), Volkswagen is a public company...
I don't think that regulation would fix anything. And as some people have already mentioned, AirBnB or Uber, have blatantly broke the law and they keep growing and breaking even more laws in various countries.
- financedfuture 11y agoThese are just anecdotal examples. Hundreds of unmentioned public companies have faced hurtful consequences that unicorns didn't have to worry about. In the end, what's urgent isn't regulation on their specific industries, but on their practices and obligations as private companies with a massive market capitalization.
- josu 11y ago>These are just anecdotal examples. You could say the same about Zenefits.
- st3v3r 11y agoThe thing with regulation is that you have to fund the agencies that enforce them. If you keep with the Republican, "free market! Anti-regulation" thing of defunding these regulatory agencies, then of course they're going to be flaunted.