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by christophilus 2433 days ago
> Shareholders

If you own an S&P 500 fund like SPY, you are a shareholder. A lot of folks have BA in their retirement accounts. Litigating against shareholders in a case like this would serve no purpose that I can see.

1 comments

If the profits were ill begotten by these shareholders, I don’t see why it matters if it occurred passively or actively.
I guess where I was going is that it’s likely that you yourself or your parents or your siblings are shareholders. If you have a 401k with an index fund, you probably own a piece of BA. should you be prosecuted?
This thread of comments began with CryoLogic saying this:

> Good. Corporations should be punished when corporate greed leads to negligence which leads to the loss of human life en masse in exchange for short term profit.

I read CryoLogic's usage of "punished" as meaning "losing money due to drop in stock value" (which is what occurred in this case). Regular people holding shares in Boeing absolutely should lose money due to the dropping stock prices. They take risks making investments and they must accept that. So no I don't mean that regular shareholders should be prosecuted. I don't think anyone here has argued for that.