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Rassah

(167 posts)
3. Thanks to things like mutual funds, most people don't even know they are shareholders
Thu Sep 4, 2014, 04:39 PM
Sep 2014

If you have a 401k plan with your employer, or your own IRA plan, chances are you are a shareholder of hundreds of corporations without knowing it. This is why old British people got really pissed when USA wanted to fine BP. Instead of forcing retirees to pay for the stuff that may not even have known they supported, I really wish that governments had the right to "pierce the corporate veil" and fine the actual decision members who were actually responsible for the damage. That whole "limited liability" stuff that keeps directors and CEO completely protected from anything they do has let them get away with way too much, especially as it keeps getting expanded.

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