So if I give $1000 to Boris the loan shark, and he consistently returns 50% year over year, I’m blameless because I didn’t investigate?
Shareholder liability is the only way to prevent companies from tobacco/oil style abuse of externalities. You can execute the execs and it will make no difference, because the same shareholders are there incentivizing the same behaviors with the same massive salary/stock windfalls. Someone will take the money.
Shareholder liability is the only way to prevent companies from tobacco/oil style abuse of externalities. You can execute the execs and it will make no difference, because the same shareholders are there incentivizing the same behaviors with the same massive salary/stock windfalls. Someone will take the money.