8 ms·
If you can't run a business by following relevant laws and regulations, can you really say you have a viable business model? I don't care what stage of running
by mhurron 11y ago
If you can't run a business by following relevant laws and regulations, can you really say you have a viable business model?
I don't care what stage of running your business you're in, you shouldn't get to ignore laws and regulations that apply just because you don't like them, or it would be too expensive right now.
- r00fus 11y agoAsk any number of companies that skirt the law (mining/extraction) or who are powerful enough to simply evade the law (most pipeline incidents aren't fully accounted for in terms of environmental/damage cost because lax laws shield the companies that maintain/build pipeline). It's a question - if your business is big enough to essentially buy off legislators or judiciary, is it your company's fiduciary duty to go into legally gray area for higher profits?
- mhurron 11y agoPretty sure that being a legal entity requires you to act in a legal manner. I do not buy the 'business must do everything inside and outside the law to make money,' schtick, but then again, I'm not willing to look at companies as more important or the most important part of society either.
- rquantz 11y agoThis is why punishment for corporate law breaking needs to include revocation of the corporate charter after a point.