alt Hacker NewsI think it pairs with the limited liability. It just isn't good to give unaccountable power to anyone. So it isn't about the investors, its about not letting the thing exist.
I think it pairs with the limited liability. It just isn't good to give unaccountable power to anyone. So it isn't about the investors, its about not letting the thing exist.
Yeah, allow loans as appropriate, but stocks ("ownership") should come with voting power exactly proportional to their face value.
Otherwise you're subsidizing oligarchs by cutting investors off from kicking the board the next week if/after it's caught acting against the share holders.