4 ms·
But making them equal is the goal. When they are unequal we create moral hazards. Moral hazard like this has to be least appealing part of having shareholders.
by throwaway07Ju19 7y ago
But making them equal is the goal. When they are unequal we create moral hazards. Moral hazard like this has to be least appealing part of having shareholders.
- kup0 7y agoDo you mean in all areas of life or specifically companies / shareholders? A person cheating on their spouse would pretty commonly be considered to be doing something "immoral" Yet it would be ridiculous to make something like that illegal I think the attempt to make moral and legal always align creates plenty of hazards itself Especially if the moral code the law is based on something external and nowhere near universal (like religious sources, which disagree with each other, etc)