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by pottersbasilisk 3349 days ago
Companies like this are a good reason to end limited liability for corporations. Corporations arent people, and the people behind them escape with golden parachutes.
1 comments

The shareholders and investors can go after the executives for fraud. They're not protected in this case.
Until corporate officers and shareholders are subject to lawsuits, Limited liability creates an entity that behaves pathologically - without regard to anyone/anything outside of itself.

Theranos,Enron,Volkswagen scandals are just some of the way too many to count scandals that damage citizens.