Economy

snot

(11,836 posts)

55. I.m.h.o., we need a thorough review of corporate and other entity law.

Wed Feb 22, 2012, 11:27 AM

Feb 2012

Most people don't understand it. Among other things, how necessary, really, is the corporate shield from personal liability for executives' decisions? If Sr. management were more easily held accountable for corp. misconduct, THAT would be a real deterrent -- as opposed to the "corporate death penalty" some activists call for, which wd merely mean the executives would have to continue their bad behavior elsewhere.

I agree that it makes a difference who owns a corp.

But it also matters how big it is, among other factors.

And the "democracy" of shareholder voting is much weaker and more easily hijacked than the governmental democracy we used to have, as well as the transparency, etc.

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