3 ms·
> At what point do we say, “Ok, we’re revoking your corporate charter. Please wind down your operations and liquidate your holdings.” I think we do that at the
by golemotron 3y ago
> At what point do we say, “Ok, we’re revoking your corporate charter. Please wind down your operations and liquidate your holdings.”
I think we do that at the moment that the government decides to make the shareholders whole. And, that's expensive. Nothing short of that is politically feasible.
- sixothree 3y agoMaybe they should buy into a more reputable company.
- Kamq 3y agoPresumably the liquidated assets would go to the shareholders.
- djbusby 3y agoNot shareholders, they took a risk and lost. The customers should be made whole first. Then liquidation where those proceeds are distributed to shareholders.