3 ms·
Regulators definitely could let large companies go bankrupt. They’d seize 100% of the stock and cancel any exit packages, then fire the board, and CEO, and cla
by hedora 3y ago
Regulators definitely could let large companies go bankrupt.
They’d seize 100% of the stock and cancel any exit packages, then fire the board, and CEO, and claw back any remaining fines from the personal accounts and garnished wages of the executives responsible for the problem.
This would protect the employees, customers and creditors of the company.
Of course, it wouldn’t protect the people that own congress and the supreme court, so it will never happen.