alt Hacker NewsThere's middle ground.
Like I would ban controlling share classes. I guess there could be an exception if they had an aggressive conversion provision that turned them into normal shares as the company grew.
You also omit an important constituency in your formulation. Corporations are extended limited liability with the idea that it will benefit the public. The government absolutely should be taking steps to ensure that this is true.
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> Like I would ban controlling share classes.
Any reason why? To be honest, they never sit well with me either, but not sure what my argument would be for banning them. All investors are well aware of what they're putting their money into.
I agree with this. In all the tech cases I've seen it just seems to enable dynastic control with no obvious market, shareholder benefit.
Good thing you're not in charge with your communist attitude. If they kept controlling shares hidden from public, you'd had a point. Nobody is asking you to buy shares of companies with controlling shares.
You could but why stop there? I argue that enforcing the standards for compliance and transparency is one of the greatest levers. After that it’s on the market. You will never stop an individual from buying fools gold and in some sense it’s healthy for some to fail no matter how silly the investment was.