4 ms·
To continue the analogy, if a dog is aggressive and hurts people it gets put down, why not put down the corporation?
by RobotToaster 2y ago
To continue the analogy, if a dog is aggressive and hurts people it gets put down, why not put down the corporation?
- brookst 2y agoBecause the ripple effects are much larger. Lay off a few thousand people in most cities and you’re sinking all sorts of businesses that had nothing to do with the crime.
- pbhjpbhj 2y agoPutting down a corporation doesn't necessarily mean ending a productive operation. Employee or government takeover are options too.
- __MatrixMan__ 2y agoRight, just transfer ownership to the employees and let them decide which leaders to keep around.
- brookst 2y agoSo it’s good for employees when the company does something criminal? That seems like misaligned incentives. If you and I can engineer a crime, we can seize all of the stock from shareholders? I don’t think these solutions are well thought through.
- thfuran 2y agoI do think judicial dissolution is underused, but it should require a rather high bar of malfeasance. Significant penality for executives or the board seems like a more sensible first step in general.