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by sirspacey 556 days ago
Then we should also jail the shareholders who profited and the activist shareholders who pushed for it

CEOs, especially of large companies, are glorified management

1 comments

I downvoted then thought about it more and changed my mind.

It’s a fascinating idea to consider. If we could hold shareholders of companies like UnitedHealthCare or Boeing accountable for unethical behavior… it would sure stop fast.

This used to be the case with banks prior to the 1910s. If a bank became insolvent, the shareholders were personally liable for fixing it.