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by wnevets 812 days ago
but their owners don't share the same liability as the company. The entire reason the concept of companies exist is to create a separate entity that isn't a person.

To put it another way when a company breaks the law should its shareholders (aka owners) go to prison?
2 comments
WarOnPrivacy 812 days ago
> To put it another way when a company breaks the law should its shareholders (aka owners) go to prison?

Forfeiting dividends+penalty that were the product of illegal or negligent corporate practices seems like a reasonable start.

Stated more broadly: As far as investing in unethical and anti-consumer practices is a winner now - society would be better served if the opposite were true.

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logifail 812 days ago
> To put it another way when a company breaks the law should its shareholders (aka owners) go to prison?

The governing body of a corporation isn't its shareholders.

If you're asking what happens if a company breaks the law, then look up VW Dieselgate. Yes, some executives were prosecuted; yes, some of them went to jail.

I'm not sure what (company) shareholders have to do with this.

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wnevets 812 days ago
> I'm not sure what (company) shareholders have to do with this.

The comment I replied to said this in reply to my original comment.

> But their owners are.

Shareholders are the owners, not executives.

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