Re:Volkswagen overtakes Toyota as the world's biggest carmaker
by derefr on Monday January 30, 2017 @09:24PM
(#13526993)
> As a listed company you would be taking away many peoples jobs and savings who are innocent parties in this.
Perhaps we need to require of publicly-listed companies that they have a "registered acquirer" or the like--a company that all the employees would be moved to if the original company were forced out of existence. (Basically turning every Chapter 7 bankruptcy of a public company into a Chapter 11 bankruptcy by default.)
Then we could allow civil suits to kill companies with impunity, knowing their employees would just end up "passed to" another company willing to retain them for the same salaries performing the same duties.
Perhaps we need to require of publicly-listed companies that they have a "registered acquirer" or the like--a company that all the employees would be moved to if the original company were forced out of existence. (Basically turning every Chapter 7 bankruptcy of a public company into a Chapter 11 bankruptcy by default.)
Then we could allow civil suits to kill companies with impunity, knowing their employees would just end up "passed to" another company willing to retain them for the same salaries performing the same duties.