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> It's possible in that case we could employ another form of corporate execution: Nationalization. Perhaps in a short-term form where the government oversaw the
by kbenson 5y ago
> It's possible in that case we could employ another form of corporate execution: Nationalization. Perhaps in a short-term form where the government oversaw the process of spinning down the business gradually.
Actually, that might be a good middle ground, as long as there were still provisions to try to claw back any severance to execs. I'm not sure I trust all civil servants to be quite tenacious enough when it doesn't affect their own prospects.
There would also have to be provisions that required it be defunct within a certain time frame. Otherwise I'd be afraid it would be repurposed as a tool to nationalize companies without closure that avoided the discussion and vote as to whether that's a good idea by using possibly fabricated charges. That's a powerful tool to have with bad incentives in place if the government can gain from taking over the companies.