Nah, the assets would be auctioned off. The shareholders would be screwed. But the employees would largely stick around and do stuff under new ownership. It wou

Nah, the assets would be auctioned off. The shareholders would be screwed. But the employees would largely stick around and do stuff under new ownership. It would still be a shock, but after a few of these you'd see investors not willing to allow that kind of thing to happen because it's a huge financial risk to them. Not a great solution, but also not as ruinous as you might think. Companies shouldn't be "too big to fail" and most aren't.