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Piercing the corporate veil is a different thing, connecting the corporation to its owners (e.g. stockholders for public corporations, or the conglomerate for
by wnoise 6y ago
Piercing the corporate veil is a different thing, connecting the corporation to its owners (e.g. stockholders for public corporations, or the conglomerate for subsidiaries.)
- perl4ever 6y agoWho are the owners of big public corporations? If you have an IRA, maybe you're an owner of Facebook as part of an index fund. But do you really own the fund? Or does the broker/bank own it for you? Does the index fund manager own the stock, such as Vanguard or Blackrock? Or is it really owned by The Depository Trust & Clearing Corporation for the fund?
- vezycash 6y agoIt means holding employees, directors, CEO... Responsible for their actions instead of the company. The shareholders only come into play in they work for the company.