richardhutnik said:
If you want my take, a big issue I have with corporations is their legal structure is such that the owners of the company reap all the benefits of what they own, without suffering any liabilities if their entitites do anything seriously wrong. This level of disconnect, while it does afford greater risk-taking, is prime for corporations to not act as responsible as entities where their owners suffer liability. Because of their very nature, which violates principles of ownership, corporations need to have extra safeguards placed around them. Remove these safeguards and you run a lot of risks. Throw in also the Citizens United case which now has corporate money flooding the election process. |
However they don't reap the benefits of all they own though... there are a ton of complicated tax and criminal laws that specifically govern how much an owner can benefit from a company.
If Gabe Newell was the sole owner of Valve, he couldn't decide to say "Fuck it i'm rich" drain the companies entire money supply and close down shop.
if he did he'd face huge penalties... both tax wise and criminal wise.
