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That’s why the above poster suggests all owners forfeit equity. The company survives but it is nationalized, at least temporarily. In practice, I think we will
by true_religion 6y ago
That’s why the above poster suggests all owners forfeit equity. The company survives but it is nationalized, at least temporarily.
In practice, I think we will see companies being sold off the friends of the sitting president, and powerful senators.
Today, at least they must at least pretend to be equal in their bailouts, which gives non affiliated companies a chance to receive money.
- simonh 6y agoYes I think that's reasonable. From an economic perspective what matters is the employment, goods and services the enterprise generates. Good management should be rewarded with equity and profits, bad management or poorly exercised ownership loses out. Nobody is owed a profit, but if they get the job right they are entitled to it.