> Wiping out shareholder equity will incentivize risk taking (think Bed Bath & Beyond or Hertz), and is very likely to destroy company, harming many stakeholders in the process.
Explain how you think punishing bad behavior will motivate more of it.
IMHO, the shareholder class puts out all kinds of noise to avoid accountability, and that includes employing people to produce very sophisticated propaganda that makes false claims against holding them accountable (e.g. false heads-I-win, tails-you-lose scenarios).
Explain how you think punishing bad behavior will motivate more of it.
IMHO, the shareholder class puts out all kinds of noise to avoid accountability, and that includes employing people to produce very sophisticated propaganda that makes false claims against holding them accountable (e.g. false heads-I-win, tails-you-lose scenarios).