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Let's hold the officers of a company liable first. Then go after shareholders.
by mars4rp 7y ago
Let's hold the officers of a company liable first. Then go after shareholders.
- luckylion 7y agoWhy not both? The management acts on behalf of the shareholders. If they break the law, go after the officers with criminal charges, and make the shareholders liable financially. It'll make management less short-term/risk-loving and shareholders will pick their management much more carefully.
- _pmf_ 7y ago> go after the officers with criminal charges, and make the shareholders liable financially Even if the officers serve a prison term and forfeit all personal fortune, companies will still put them on some comfortable position (pre-bribing other officers as a side effect) after they get out.