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> investors of Uber are well aware That's an extraordinarily huge presumption to make about someone, especially, in practice, an "investor" isn't even a natura
by mmt 8y ago
> investors of Uber are well aware
That's an extraordinarily huge presumption to make about someone, especially, in practice, an "investor" isn't even a natural person.
Moreover, the "person" who owns the shares may not be the one who made the purchase decision, such as with venture capital, hedge funds, and mutual funds [1].
Even an individual, natural person may buy a particular stock based purely on financials, or even just price (such as day traders). No awareness of business practices is necessary.
Then there's short-selling. Who owns those shares, at which point in time?
Most of these questions (ownership, not purchase decision responsibility) do need to have an answer for the purpose of corporate voting, but only occasionally and not to determine criminal liability for an arbitrary point in time. The latter would be remarkably impractical, if not unfair.
[1] Assuming one pierces that "veil" of ownership
- mcculley 8y agoAt the bottom of those chains of ownership are individual humans. Our systems of law and commerce should serve people, not the other way around. My understanding is that Uber is privately held, mostly by venture capitalists who expect it to increase in value once it monopolizes the market. We are not talking about a publicly held, well-governed organization.