Make Shareholders Pay for a Company's Crimes - Bloomberg View

Make Shareholders Pay for a Company's Crimes - Bloomberg View: "But lets move on to the dishonest thesis of “punishing the shareholders” for the acts of management. Who else are you going to fine?

These are not innocent bystanders, caught in the crossfire between two rival gangs. They are the people who actually elected this management team in the first place. They are also the only ones with the power to fire these people as well. To suggest that they are merely bystanders of a drive-by shooting is absurd. Unless we want corporate shareholders to elect more dangerous executives. If that is your position, than by all means, never fine or punish them."



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