4 ms·
Yes, won’t someone think of the poor founders and their desire to exit?
by dmvdoug 2y ago
Yes, won’t someone think of the poor founders and their desire to exit?
- paulddraper 2y agoDo you want founders or not want founders? Because this is why founders are founders.
- dmvdoug 2y agoAnd corporations only exist for the purpose of making profits for shareholders, you’ll tell me next.
- paulddraper 2y agoFor profit corporations, yes
- dmvdoug 2y agoWhereas I view them as risk distribution vehicles, which society has agreed to treat specially because society has also agreed that they are capable of producing sufficient good for society as a whole (in a variety of forms) that they may be treated specially. If for-profit corporations now only exist solely to make profit, and not to enable a sufficient distribution of risk so that things that actually benefit society can be made and done, then it’s time to reconsider that special treatment.
- paulddraper 2y agoThat may be the reason for the law, but that's not the reason a corporation is created.