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This is somewhat analogous to how regular corporations operate: the majority of the risk lies not with the people making most of the money, probably even more s
by TheSpiceIsLife 5y ago
This is somewhat analogous to how regular corporations operate: the majority of the risk lies not with the people making most of the money, probably even more so when white collar crime is involved.
- skim_milk 5y agoThe thing I like about corporate law is that, unlike how organized crime usually works with the lowest members of the hierarchy getting charged and dealing the consequences of their actions that their bosses forced them to take, it's the shareholders taking responsibility (corporate fines) for the lowest members' actions. Corporate law forces shareholders to optimize their system and corporate hierarchy to disincentivize doing illegal things. As opposed to organized crime, which does the opposite; the mob bosses organize their system and hierarchy to incentivize doing illegal things because this gets the mob bosses money. Man, I could rant for hours about how much I viscerally despise the unintelligent internet commentators that talk down on corporate law. Without corporate law (the only thing holding shareholders responsible for the actions of their employees), all we get is unaccountability and organized crime!