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

The whole point of a limited liability company is to shield shareholders from responsibility.

https://en.wikipedia.org/wiki/Limited_liability#Justificatio...

That's a catch 22. The company has a duty to its shareholders first, and shareholders are protected from responsibility.