On: 3M May Escape Toxic Chemical, PFAS Manufacturing Legacy

[Nasrudith]

Why do you want to arrest grandma for owning Enron stock?

[jMyles → Nasrudith]

Clearly the system by which "grandma" owns a small part of a criminal organization is flawed.

Whether criminal liability needs to flow to individual owners I don't know, but I'm sure someone has done the thinking here about how to make this less insane.

[dimal → Nasrudith]

Large shareholders are very different than grandma owning a few shares or even a few hundred shares. If criminal risk was priced into the stock, our society would look very different.

[ruined → Nasrudith]

if LLCs didn't exist, clearly the stock market would operate differently

would Enron have been Enron if it wasn't an LLC?

[immibis → ruined]

Enron (like all publicly traded US companies) was a C-Corp, but that's a technicality.

[ruined → immibis]

a c-corp is an llc

[calvinmorrison → Nasrudith]

I certainly do. The stock market would have fewer bubbles if risks were born by the owners!