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The solution is to weaken the liability limitation of LLCs. If a company willfully breaks the law, its shareholders need to be held responsible, in proportion t
by OkayPhysicist 4y ago
The solution is to weaken the liability limitation of LLCs. If a company willfully breaks the law, its shareholders need to be held responsible, in proportion to their ability to affect change in the the company.
- vkou 4y agoThat's not the problem. Wells Fargo shareholders won't be proportionately punished for this, regardless of whether it's an LLC or not. The root of the problem is that the firm itself isn't being proportionately punished. Solve the second problem, and then maybe the first one will become the bottleneck.