Hacker News new | ask | show | jobs
by tyre 10 days ago
But that’s the thing. In that case, the shareholders are the ones who were harmed and now they’re winning by…making their investment worth far less?

What you really need are lawsuits against individuals to be held accountable, otherwise it’s a lose-lose for shareholders.

1 comments

Unfortunately, articles of incorporation preclude that sort of thing.

Perhaps after a few high-profile cases, IPOs won't be structured to give absolute control to one person.

That, or you make the ousting of the execs in charge the settlement instead of massive monetary damages.