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This is stupid... I buy one stock of tesla, Elon does something bad, that I literally have no control over, and i go to jail (along with thousands of others)?
by ajsnigrutin 4y ago
This is stupid... I buy one stock of tesla, Elon does something bad, that I literally have no control over, and i go to jail (along with thousands of others)?
Aren't CEOs paid "that much", because they carry all those responsibilites? If they're responsible enough to get so much money, they're responsible enough to deal with the consequences of fucking up.
- Ekaros 4y agoThen don't buy any stock in any company you don't absolutely trust? Why should you be able to profit from Tesla's wrongdoings, but not suffer just punishment from them too?
- _heimdall 4y agoWhy would you absolutely trust any company? I believe the general argument here would be that if you invest in a company and they later are caught doing something illegal or unpopular, you suffer when your shares lose value.
- macintux 4y agoIf there's any company you absolutely trust, you're doing it wrong.
- ajsnigrutin 4y agoSo, which company do you absolutely trust, to buy their stocks?
- jcranmer 4y agoWhat about ETFs and people who own those?
- Ekaros 4y agoIndirection should not make difference.
- jcranmer 4y agoSo someone should go to jail because their pension fund owns an ETF that owns a company that did something wrong, got it.
- some_random 4y agoSorry class but the schoolteachers were all arrested for murder because their pension fund invested in a fund that bought shares in a company that bought another company that held shares in a company who owned a negligently maintained warehouse that burned down with two people trapped inside.
- egypturnash 4y agoI could see a sliding scale of consequence. Your one share gets you a fine. A lot of shares gets you some prison time and a bigger fine. Elon gets years and years and a fine that's a significant percentage of his net worth.