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> A corporate death sentence is a bit too abstract. Let's say the company has to be forfeited to the state effectively making it a public company. CEO and boar
by bigbugbag 9y ago
> A corporate death sentence is a bit too abstract.
Let's say the company has to be forfeited to the state effectively making it a public company. CEO and board of directors are fired, every dollar over the minimum pension of their pensions are seized and going to a fund to fix the wrong they did and prevention from such a thing to happen again.
Shareholders are part of the problem and to be punished, they've been profiting from the transgressions (looking the other way or not caring enough to look into is not an excuse). They could be made to pay back any profit they got from the shares while, their shares are either willingly sold to state at a low price or seized/invalidated.
The message would be clear: don't invest in companies that are not clean or you risk losing it all.
These may seem drastic propositions but they are effective. They do not require sending people to prison which is something I do not wish upon anyone, not even my worst enemy.