Re:America's bailed-out airlines are not 'playing fair' with...
by JumpCrisscross on Saturday March 28, 2020 @02:30PM
(#22713202)
> You know what else is value-destroying? Giving money to failed companies for free.
We agree on this. I think companies should be allowed to fail. If we can’t afford that, their shareholders (and managements’ parachutes) should be wiped out, and the public should get economic upside. Bailouts should be a painful last resort.
But the public should not get control. Particularly not open-ended control by a board of politicians.
We agree on this. I think companies should be allowed to fail. If we can’t afford that, their shareholders (and managements’ parachutes) should be wiped out, and the public should get economic upside. Bailouts should be a painful last resort.
But the public should not get control. Particularly not open-ended control by a board of politicians.