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If by deals you mean all kinds of money shuffling nonsense that enables taking on more debt than they can ever payoff then yes. IF a person did it it would be

If by deals you mean all kinds of money shuffling nonsense that enables taking on more debt than they can ever payoff then yes. IF a person did it it would be called a financial crime.

aks071 1y ago
Corporations are persons though. Can you point to a crime they are committing?
- citizenpaul 1y ago
  I said if it was a person. If I give my brother/neighbor 100k and tell him to spend it at my business then I go to a bank citing huge demand for my business and get a loan for 10 million based on that it is called fraud and the bank would spare no expense to send me to jail and get their money back. The Judge would with 100% certainty send me to jail and give me a lecture about how we live in a society and I broke that trust to take advantage of that society. That they are absolutely disgusted by my lack of ethics and morality. When these companies do it apparently its just good business.
DebtDeflation 1y ago
Even a couple of years ago it was mindboggling to look at their corporate structure: A non-profit parent entity with a wholly owned for-profit subsidiary (actually, the non-profit wholly owns and controls a third "manager" entity which in turn is the controlling but not majority shareholder of the for-profit subsidiary) where the profit of the for-profit entity is "capped" and oh by the way, that for-profit subsidiary has a 49% shareholder who happens to be Microsoft (but despite a 49% stake gets 75% of their profit..........until their initial investment is recouped). Employees get Profit Participation Units (PPUs) which are NOT equity but which entitle employees to a percentage of profits, again up to the "cap". Then of course, when OpenAI achieves AGI, whatever the hell that is is, then everything from that point forward reverts back to the non-profit entity. I know it's changed since then, but it has always been a sort of financial Rube Goldberg contraption setup.

If by deals you mean all kinds of money shuffling nonsense that enables taking on more debt than they can ever payoff then yes. IF a person did it it would be called a financial crime.

aks071 1y ago

Corporations are persons though. Can you point to a crime they are committing?

citizenpaul 1y ago
I said if it was a person. If I give my brother/neighbor 100k and tell him to spend it at my business then I go to a bank citing huge demand for my business and get a loan for 10 million based on that it is called fraud and the bank would spare no expense to send me to jail and get their money back. The Judge would with 100% certainty send me to jail and give me a lecture about how we live in a society and I broke that trust to take advantage of that society. That they are absolutely disgusted by my lack of ethics and morality. When these companies do it apparently its just good business.

DebtDeflation 1y ago

Even a couple of years ago it was mindboggling to look at their corporate structure: A non-profit parent entity with a wholly owned for-profit subsidiary (actually, the non-profit wholly owns and controls a third "manager" entity which in turn is the controlling but not majority shareholder of the for-profit subsidiary) where the profit of the for-profit entity is "capped" and oh by the way, that for-profit subsidiary has a 49% shareholder who happens to be Microsoft (but despite a 49% stake gets 75% of their profit..........until their initial investment is recouped). Employees get Profit Participation Units (PPUs) which are NOT equity but which entitle employees to a percentage of profits, again up to the "cap". Then of course, when OpenAI achieves AGI, whatever the hell that is is, then everything from that point forward reverts back to the non-profit entity. I know it's changed since then, but it has always been a sort of financial Rube Goldberg contraption setup.