Y
Hacker News
new
|
ask
|
show
|
jobs
by
visarga
2454 days ago
In that case the shareholders should be held responsible for leaving people stranded.
1 comments
em500
2454 days ago
The whole point of a limited liability company is to shield shareholders from responsibility.
https://en.wikipedia.org/wiki/Limited_liability#Justificatio...
link
visarga
2454 days ago
That's a catch 22. The company has a duty to its shareholders first, and shareholders are protected from responsibility.
link
https://en.wikipedia.org/wiki/Limited_liability#Justificatio...