| ▲ | triceratops 3 hours ago | |
> Not sure how you jail a company. > the fine is unlikely to be enough to drastically impact the company's profitability enough to sink his shares You lack imagination :-) but you've identified both the problem and the solution. | ||
| ▲ | gizajob 3 hours ago | parent [-] | |
I’ve sometimes pondered this about the legal personhood of a company - it has most of the rights as a human being but can’t suffer any of the major consequences, such as jail. It could be possible to construct a legalistic jail for a company whereby if it has committed the type of crime that a human could be jailed for, then it could be frozen for the duration, say ten years, and all its assets, shareholder funds, contracts, everything were frozen and impounded. Of course this seems completely ludicrous because it’s so “out there” but it’s worth having the thought experiment. Things like “corporate manslaughter” really have few consequences for the corporation itself - if it was actually jailed for twenty years and shareholders and officers left frozen out and on pause, then it might be the kind of punishment that really counted for something. | ||