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The correct implementation of this is to apply more personal liability to executives and directors making the decisions that lead to oil getting dumped in the o
by pmiller2 7y ago
The correct implementation of this is to apply more personal liability to executives and directors making the decisions that lead to oil getting dumped in the ocean. When decision makers go to prison as a result of negligently bad decisions, they will not be as negligent as often.
Is that specific enough?
- pjc50 7y agoYes. But that's nothing to do with the normal meaning of limited liability.
- pmiller2 7y agoYes, it does. Limited liability protects directors of a company as well as shareholders.
- Noos 7y agoBut we already have the idea of piercing the corporate veil though. I'm not sure needing to change the structure of limited liability matters as much as formalizing and unifying that concept.
- pmiller2 7y agoEither way, what’s needed is to increase the level of liability on those that control the actions of corporations. What you call it doesn’t matter, the effect is the same.