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ohnoyoudidnt

(1,858 posts)
14. The solution sounds a bit extreme.
Tue Mar 8, 2016, 12:12 AM
Mar 2016

Millions of people have their retirement in the market and don't have much say in the elected officers since many companies have large institutional ownership that control the votes. The individual stockholder probably wouldn't have a good idea who to vote for anyway. A lot of bad people are good at presenting themselves as nice and ethical in public and playing dirty behind closed doors.

Serious jail time and financial penalties for the bad actors in the company should be sufficient. We don't see nearly enough of that. I am concerned about what criteria will be used for this 'death penalty' and how it would affect shareholders and employees.

If what the company has done has caused catastrophic damage like pollution and or damage to public health and all assets need to be seized to pay fines and reparations, that would be one thing, but to destroy a company because a couple managers did something illegal that didn't cause catastrophic damage is something else.

Latest Discussions»General Discussion»I'm all in for a corporat...»Reply #14