We should really stop the limited liability for shareholders. You own part of company and it does something criminal. You too are going to jail. Would clean up the acts very fast.
This is stupid... I buy one stock of tesla, Elon does something bad, that I literally have no control over, and i go to jail (along with thousands of others)?
Aren't CEOs paid "that much", because they carry all those responsibilites? If they're responsible enough to get so much money, they're responsible enough to deal with the consequences of fucking up.
I could see a sliding scale of consequence. Your one share gets you a fine. A lot of shares gets you some prison time and a bigger fine. Elon gets years and years and a fine that's a significant percentage of his net worth.
Then don't buy any stock in any company you don't absolutely trust? Why should you be able to profit from Tesla's wrongdoings, but not suffer just punishment from them too?
I believe the general argument here would be that if you invest in a company and they later are caught doing something illegal or unpopular, you suffer when your shares lose value.
Sorry class but the schoolteachers were all arrested for murder because their pension fund invested in a fund that bought shares in a company that bought another company that held shares in a company who owned a negligently maintained warehouse that burned down with two people trapped inside.
I own voting shares in a company and it's hard enough just getting information out of them that they should want to share. The idea that the average investor has any idea what's going on in the companies they invest in is absurd.
