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Resident Chimp
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Join Date: Nov 2000
Location: The Jungles of Borneo
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May 22nd, 2003, 08:37 PM
I think that limited liability should be removed for people who own more than a certain percentage of a company. Like punkgrrlie said, a lot of people own stocks from dozens of companies in their portfolios, but only 1000 here and 1000 there. It's nothing substantial, and stockholders like this shouldn't really be left on the hook for something that they're just using to generate some capital.
Maybe stockholders with an interest larger than 5%... this would make many CEOs more accountable, and anyone with more than 5% interest in a company is most likely not voting by proxy.
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