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Same for the top shareholders. I get in trouble if my dog bites somebody, it should be no different for a corporation.
by __MatrixMan__ 4y ago
Same for the top shareholders. I get in trouble if my dog bites somebody, it should be no different for a corporation.
- fingerlocks 4y agoWhy stop there? It should be ALL shareholders face imprisonment. That will make you think twice about diversifying your stock portfolio!
- __MatrixMan__ 4y agoIf I own 0.001% of a company which has to do 100 years of jailtime, it doesn't make sense to pay the overhead costs of jailing me for eight hours. Maybe I should do community service related to the harms my company caused or something like that instead.
- fingerlocks 4y agoIt wasn’t obvious in retrospect, but I was being completely sarcastic. Anyone holding a managed retirement account or a mutual fund could be held liable.
- __MatrixMan__ 4y agoMaybe there could be provisions where the fund manager goes to jail instead in that case.
- jmcgready 4y agoMy inflation adjusted $0.02 - Maybe limit culpability to SEC Form 3 filers - easier to prove sufficient leverage and potential motive if not for criminal matters, then at least civil matters.