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by chemicalnovae 1737 days ago
> The entire point of a corporation, as a governance structure, in general is to limit liability for its shareholders. That's true for all corporations not just facebook. Its the reason people establish corporations instead of running businesseses informally as an individual.

Except they're not doing it to protect Zuckerberg or Sandberg as shareholders they're doing it to protect them as decision making executives. More to the point if they didn't have liability due to the structure of a corporation they would never have been in "danger" and therefore the pay-off would have been unnecessary.