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Because while benefit and control are closely correlated, it's sometimes (purposefully) the case that you can have benefit, without control (or oversight). > a
by Chris2048 5y ago
Because while benefit and control are closely correlated, it's sometimes (purposefully) the case that you can have benefit, without control (or oversight).
> a felony conviction of a company for fraud incurred a penalty of 10% of the value of the company stock
Doesn't this sort of happen anyway? How would you prevent it increasing again; are you literally collecting a fee from stockholders (like a kind of anti-dividend)?
> it would align market price with shadiness of company executives
Then corps would just invest more in opaqueness and deniability (which they already do now). Corporations are known for being all PR public face. Plus, it would be easier to tank competition with slander and gossip - making investors even more scandal adverse (but not necessarily more ethically aligned)
> make some very powerful people very interested in ensuring that ethical leadership was in place
Or that there's an easy scapegoat lined up.