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Shareholders literally own the company. Not making them accountable for their companies actions is prob the worse incentive system ever.
by pid-1 5y ago
Shareholders literally own the company. Not making them accountable for their companies actions is prob the worse incentive system ever.
- lottin 5y agoApparently you didn't think very hard about that one. If you made the owner of a company criminally liable for any wrong-doing by the company's employees, nobody would risk owning a company. It would be impossible to have an advanced economy with these conditions.
- gokdisjtrdcvv5 5y agoI don’t think that’s what they said
- genewitch 5y agoI'm for the idea of no one wanting to own a company, who do I vote for?
- totalZero 5y agoHolders of common stock are not involved in the daily operations of the company. Not all ownership involves that level of liability. This is by design.
- ClumsyPilot 5y agoNo no, it's bad to ask questions of the management team, we call those "Activist investors" https://en.m.wikipedia.org/wiki/Activist_shareholder https://en.m.wikipedia.org/wiki/Activist_shareholder The sibling comments have an interesting worldview: can't fine management cause it's not their firm, can't fine shareholders cause it's not their fault, its nobody's fault.