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Overnight Open Thread

324
FFL (GOP Delenda Est)4/30/2010 7:52:12 am PDT

re: #304 vinnievin

I like that, double forever begin. However our judicial system has a tendency to charge a flesh wound from those who make a financial killing from the backs of others.

I also suspect that our current corporate laws would allow any company saddled with something like that to buy/sell itself out from under it.

Corporations can be entities, and I guess the stigma/punishment can be tied to them. However, a full management change would be like a brain transplant. Is the punishment intended to follow the brain around, or the body? And if the latter, the corporation can sell off all its body parts, go out of existence, and then essentially reassemble under another name. Lots of extra paperwork, but it can be done.

(Aside: My boss is currently doing work involving exchange of assets and transition agreements following the sale of a section of my former employing corporation. One of the assets being transferred was officially owned by a subsidiary company about five names down a chain. So he ended up signing 6-7 documents since he owning entity up the chain had to sign off on it as well.)