4 ms·
I'd argue that this is absolutely not a "rousing success" or "play[ing] the game well enough". He used a legal trick to avoid his side of a financial obligation
by andyjohnson0 14y ago
I'd argue that this is absolutely not a "rousing success" or "play[ing] the game well enough". He used a legal trick to avoid his side of a financial obligation. If all businesses behaved this way then commerce would be impossible.
- Tichy 14y agoIsn't one of the main purposes of corporations to shield the private money of the owners? I think you have illusions about economics :-)
- nodata 14y agoAmerican corporations perhaps. Some countries invoke "veil piercing" if the owners play around like this. https://en.wikipedia.org/wiki/Piercing_the_corporate_veil https://en.wikipedia.org/wiki/Piercing_the_corporate_veil
- praptak 14y agoYes, but obviously there is a line between shielding private money from business-related risks and intentionally running a company into bankruptcy to avoid liabilities. Although I agree that this line is a bit blurry.
- nostrademons 14y agoThat was supposed to be said with all due cynicism. It doesn't come across very well on the Internet.
- scotty79 14y agoAll business behaves this way and everything goes smoothly. You shouldn't demean someone for using a trick because business is game of tricks.