Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Exactly. The common criticism of this is that... yeah, that means the punishment will impact people who had no say in the decision, seniors' retirement funds, etc. But that is just risk, which is what the entire stock market is designed to correct for. And a good investment portfolio is always supposed to hedge risks by spreading them across multiple investments.

It'll drive prices down for riskier stocks, more involved larger shareholders will have reason to get more involved and ask more questions about compliance and corporate responsibility, etc.

Being able to punish shareholders for bad corporate behavior for corporate death is, to be honest just good capitalism.



Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: