logoalt Hacker News

mingus88 • today at 6:32 PM • 3 replies • view on HN

I support the death penalty for corporations.


Replies

cookingmyserver • today at 7:39 PM

We need to hold shareholders responsible for the actions of the companies they own. I get why there is a certain level of immunity, especially historically. We wanted people to be able to invest money and not have to be experts on the politics and workings of the companies they were investing in. In the modern era of having detailed information about the board members, other major shareholders, executives, shareholder reports, etc all at your finger tips, you should have to weigh how ethical and responsible a company is before investing. It needs to be "priced-in". A $25 Billion dollar judgement against Meta might hurt profits a bit, but if that $25 Billion was paid in dividend claw backs or liens against stock...

Same goes for any business venture including private equity. No more corporate veil. Every dollar or stake in ownership needs to be attributable back to an individual that can be held financially responsible. Each individual can have some amount of assets protected from claw backs, liens, judgements, etc. Enough to cover a functional used vehicle, 3 bed two bath house in their zip code, 50k in cash, and their retirement account. This gives most normal people the freedom to invest with less worry. Still, if you want to make money, it will behoove you to not take on risk by investing in organizations that flout the law, cause environmental damage, or harm others.

newsclues • today at 6:35 PM

I support the licensure of boards of directors and CEO types, and enforcement of laws against the people who control companies.

If the CFO commits a crime, they can't get a license anymore. Start getting the bad actors out of positions of power.

➕ show 1 reply
ludicrousdispla • today at 7:04 PM

'capitalist punishment'