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Another option would be easier corporate death — all shares instantly voided. The government could decide what to do with the company, fold it, or sell it for
by CJefferson 3y ago
Another option would be easier corporate death — all shares instantly voided.
The government could decide what to do with the company, fold it, or sell it for scraps.
Yes, there might be motivation for the government to “kill” companies for profits, but there is exactly the same (and proved many times!) issue with putting people in prison, so I don’t see why companies should get a special exception, they are “people” as well, or so I’m told.
- always2slow 3y agoI think you're on the right track here.. corporate death, shares voided, assets frozen in perpetuity, buildings, land, machinery. Everything frozen forever to stand as a warning to the next executive or employee before doing something like this.
- anonymousab 3y agoYou can even start with corporate jail. No business operations of any kind allowed for weeks/months, be that preforming services for clients, servicing debts, contracts or payroll. And if that results in an existential threat to the company or a lot of lawsuits for failing to perform their obligations, then that would be the just results of the company's decisions. It would be as existentially threatening and crippling to a company as it currently is to the average member of society.