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**KlaraNovikoffaZ** · 02-18-2009, 07:28 PM

Under some select circumstances, shareholders are on the hook. However, we couldn't get any business done with widespread liability like this.

Why couldn't you get things done? Corporations would just have to be a lot more careful and ethical. The whole point of the joint stock corporation is to shield investors from the liabilities their investments cause. That's ****ed up.

02-18-2009, 07:28 PM	#28
KlaraNovikoffaZ Join Date Oct 2005 Location USA Posts 384 Senior Member	Under some select circumstances, shareholders are on the hook. However, we couldn't get any business done with widespread liability like this. Why couldn't you get things done? Corporations would just have to be a lot more careful and ethical. The whole point of the joint stock corporation is to shield investors from the liabilities their investments cause. That's ****ed up.
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