3 ms·
A nifty play would just be "the corporate veil is no longer free. Issue the state stock for a 49% stake, or your investors have unlimited liability." Then the
by hakfoo 1y ago
A nifty play would just be "the corporate veil is no longer free. Issue the state stock for a 49% stake, or your investors have unlimited liability." Then there's a theoretical "trade" but virtually nobody's going to say no.
- aspenmayer 1y agoIn such a scenario, the US gov is only ~2% away from a 51% attack hostile takeover against any/every public company, depending on the kind of shares. This is not likely.
- hakfoo 1y agoThat's the goal. Right now, public companies are far too governed by people who want the business to succeed at all costs. The state could represent interests like "keeping high-paid jobs on-shore" or "avoid legal/labour/environmental standard arbitrage" that regular investors won't vote for.
- bdangubic 1y agoworks for venezuela and all other commie countries so you know, why don’t we try to become that too :)