This seems like one of those things that sounds like a great idea, but isn’t actually enforceable. Like how is the government going to do that for a public traded company? What happens when hundreds of millions in savings and retirements just disappear because the government took the company?
It’s not Average Joe’s fault that a bunch of execs wrecked a company just so they could get their golden parachute, but it’ll take him an extra five years of work to make up the lost retirement funds. Who is he going to blame, the execs or the government who took the company?
This seems like one of those things that sounds like a great idea, but isn’t actually enforceable. Like how is the government going to do that for a public traded company? What happens when hundreds of millions in savings and retirements just disappear because the government took the company?
It’s not Average Joe’s fault that a bunch of execs wrecked a company just so they could get their golden parachute, but it’ll take him an extra five years of work to make up the lost retirement funds. Who is he going to blame, the execs or the government who took the company?