4 ms·
The equivalent action is simply a fine such that the assets are gone. It's pointless to dissolve a corporation, as new ones can be formed. A corporation is jus
by throwaway09223 4y ago
The equivalent action is simply a fine such that the assets are gone.
It's pointless to dissolve a corporation, as new ones can be formed. A corporation is just a formal name and structure we give to a group of people working together.
The way to destroy means is to seize assets.
- mtlmtlmtlmtl 4y agoCurrently though, the relationship between the fine and the profitability of the transgression seems wrong. The fines seem to be too low to be an effective deterrent. In addition, white collar crime is punished far too leniently, given their often outsized societal effects.
- karmanyaahm 4y agoI think by seize assets GP means a fine of 100% of the net worth of the company
- ryandrake 4y agoFine them 100% of their assets’ value and make shareholders personally responsible for any debt, proportional to their equity ownership stake.
- WanderPanda 4y agoOr alternatively walking back the „limited“ liability. Would probably kill all innovation though
- kelseyfrog 4y agoLimited liability sets up an incentive structure in some industries to create business with negative environmental externalities. They use the limitations of liability as a stop loss measure while converting environmental harms into profit. Simply make environmental liability unlimited.
- TheMightyLlama 4y agoIt might be pointless to do so, however you could also make it illegal for the existing employees to continue to work in the respective industry. It would prove to be a huge incentive to ensuring best practice.
- throwawaymaths 4y agoAha, but you have one out. You could burn the trademark and lock it up for 10 years, and potentially, let all IP owners from the time of infraction causing the corporate death sentence go fallow (so any company that acquired such IP after the infraction would have a worthless piece of paper).