Comment

This Is What Happens When Legislators Don't Learn Science in School

370
Lidane7/03/2014 7:47:37 pm PDT

re: #318 jaunte

That separation is what legal and business scholars call the “corporate veil,” and it’s fundamental to the entire operation. Now, thanks to the Hobby Lobby case, it’s in question. By letting Hobby Lobby’s owners assert their personal religious rights over an entire corporation, the Supreme Court has poked a major hole in the veil. In other words, if a company is not truly separate from its owners, the owners could be made responsible for its debts and other burdens.

I’ve been wondering about that. You’d think that the Hobby Lobby decision pretty much obliterates the corporate veil since it not only makes the corporation a person with religious rights, but makes that person a direct stand-in for the owners rather than a separate entity. It blurs the line between the corporate stakeholder and the corporation.

I can’t understand how this doesn’t completely fuck businesses over. It’s staggering that more people aren’t talking about this. Of course, I’m not a lawyer, but in my limited understanding of business law this was a shitty decision for a whole lot of reasons that go beyond its blatant sexism.