Comment by ar_lan

Comment by ar_lan 19 hours ago

2 replies

> while a corporation is easy to fine, it's hard to put in prison...

It would be interesting if there were some tangible way to prevent the company from performing operations for some period of time.

I don't think this is viable or even necessarily a good idea, but the concept that "Meta illegally collected user data in this way" means they cannot operate for 5 years. It would probably involve large deconstruction of megacorps into "independent" entities so when one does something bad, it only affects a small portion of the overall business. Almost introducing a concept of "families" to the corporate world.

But the rabbit hole is odd. Should (share)holders be complicit too, as they are partial owners? I think not.

Corporate entities and laws governing them are definitely weird.

Y_Y 16 hours ago

Could the shareholders have caused or prevented the action? If not then I think it'll be a dofficult prosecution.

  • pjc50 3 hours ago

    The whole point of a limited liability corporation is exactly this: that the liability of the shareholders is limited to the value of their investment, and they are not liable for debts or other failings of the company.

    Without that, investment becomes incredibly risky and you get much less of it.