[Ekaros]

Hmm, could we apply a fine to share. Either as fixed amount or percentage at time it is transacted on next time. Basically make them partially non-fungible...

So fine is applied at end of some day. Now all shares are marked. And when they are sold next time this fine is paid.

[hef19898]

Because as a shareholder, I have zero influence on whether or not the company violates laws?

[Ekaros]

Your shares can have voting rights. And it is up to you to utilize them. Or choose a way to invest that they are correctly utilized.

[hef19898]

So, I hold, I am super rich you know, 10% of Airbus. Now Airbus is fined billions by authorities for violating export control laws, engaged in bribery and other stuff. Some that was done by local sales entities. How exactly can I, even as one of the biggest shareholders, influence those operational daily decisions?

Also, you are aware of the idea of having limited liability companies?

[Ekaros]

Yes, your liability would be limited to whatever is the value of that 10%. Own a company that does bad enough thing, lose the whole holding in the company.

You could participate in electing a board. That elects CEO and other C-level that spend all their waking hours ensuring that no one in company breaks rules. I think that is absolutely reasonable thing to ask, specially with pay they are getting.

[hef19898]

Wow, that is a very interesting take on how limited liability and public companies work...

One corner stone of free societies is private ownership of enterprises. And that comes with the idea of shielding investors and owners from certain decisions of the comoany, which is a legal person apart from the legal person of the investor / owner...

[Ekaros]

Let's say company has stock price of 100. Then it kills million people. Court decides to set fine of 99%. Now the stock price stays the same, but next time holder of share sells it 99% of price goes as fine to society.

Their liability is limited to that 100. Just that next time they transact on the share they entirely justly lose most of it. As they did horrific job in controlling their property.