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but their owners don't share the same liability as the company. The entire reason the concept of companies exist is to create a separate entity that isn't a per
by wnevets 3y ago
but their owners don't share the same liability as the company. The entire reason the concept of companies exist is to create a separate entity that isn't a person.
To put it another way when a company breaks the law should its shareholders (aka owners) go to prison?
- logifail 3y ago> To put it another way when a company breaks the law should its shareholders (aka owners) go to prison? The governing body of a corporation isn't its shareholders. If you're asking what happens if a company breaks the law, then look up VW Dieselgate. Yes, some executives were prosecuted; yes, some of them went to jail. I'm not sure what (company) shareholders have to do with this.
- wnevets 3y ago> I'm not sure what (company) shareholders have to do with this. The comment I replied to said this in reply to my original comment. > But their owners are. Shareholders are the owners, not executives.
- WarOnPrivacy 3y ago> To put it another way when a company breaks the law should its shareholders (aka owners) go to prison? Forfeiting dividends+penalty that were the product of illegal or negligent corporate practices seems like a reasonable start. Stated more broadly: As far as investing in unethical and anti-consumer practices is a winner now - society would be better served if the opposite were true.