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This is a great idea. And I like the idea of fines being X% shares outstanding, not X dollars as that proportionally penalizes shareholders for not being good c
by ROTMetro 4y ago
This is a great idea. And I like the idea of fines being X% shares outstanding, not X dollars as that proportionally penalizes shareholders for not being good corporate owners. It's a win in so many ways.
- gretch 4y agoThis probably doesn’t do the thing you want it to do 1) if there is a demand to have something, it usually raises price of that thing. You could interpret this as a forced buyback, which may raise prices of shares (and thus reward bad behavior) 2) what does the govt do with the stock after it has the stock? It doesn’t have a system for processing it, as it does with USD Also, why shouldn’t you penalize shareholders? In the future they’ll think twice about investing in companies that cut corners to juice short term gains
- shanebellone 4y ago"Also, why shouldn’t you penalize shareholders? In the future they’ll think twice about investing in companies that cut corners to juice short term gains" +1 Losses speak louder than words.