Hacker News new | past | comments | ask | show | jobs | submit login

If you sent a normally functioning company into a forced bankruptcy, another company will be more than willing to pick up the assets, manufacturing, and jobs while wiping out the top management and investors.



And wiping out the top management and investors is exactly the incentive you need so companies seek to avoid forced bankruptcy.

Jobs, capital assets, and technology are preserved. I fail to see how this is a disadvantage. Volkswagon should have been hit with a $1 trillion dollar fine, and for every shareholder and executive to be completely wiped out.


I assume that was bsder's point.


And that’s a good thing. The company that picks it up wouldn’t want the same thing to happen to itself so it would stop the bad behavior.




Guidelines | FAQ | Support | API | Security | Lists | Bookmarklet | Legal | Apply to YC | Contact

Search: