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I wish there was a law to nationalize a company that was found guilty of gross negligence, to subsequently pay damages and re-sell them in the market. Make shar
by rubinelli 8y ago
I wish there was a law to nationalize a company that was found guilty of gross negligence, to subsequently pay damages and re-sell them in the market. Make shareholders accountable, instead of sending a couple of middle managers to jail and keeping the same incentives that caused the first tragedy in place.
- Rooster61 8y ago> instead of sending a couple of middle managers to jail So you want to turn the company over to the same governmental body that lets companies get off by firing a few middle managers? The same body that possibly allowed this lapse in safety to get through regulations in the first place?
- rubinelli 8y agoTemporarily, yes. It doesn't have to be the same government agency, and the aim would be to divest as fast as possible, so hopefully less short-sighted and more responsible shareholders would control it in the end.