Re:CFTC Orders JPMorgan to Pay Record $920M for Spoofing and...
by pid-1 on Monday December 06, 2021 @05:53AM
(#29458195)
Shareholders literally own the company. Not making them accountable for their companies actions is prob the worse incentive system ever.
[ Parent
| on HN ]
Re:CFTC Orders JPMorgan to Pay Record $920M for Spoofing and...
by ClumsyPilot on Monday December 06, 2021 @10:27AM
(#29460864)
No no, it's bad to ask questions of the management team, we call those
"Activist investors"
https://en.m.wikipedia.org/wiki/Activist_shareholder
The sibling comments have an interesting worldview: can't fine management cause it's not their firm, can't fine shareholders cause it's not their fault, its nobody's fault.
Re:CFTC Orders JPMorgan to Pay Record $920M for Spoofing and...
by totalZero on Monday December 06, 2021 @07:38AM
(#29458980)
Holders of common stock are not involved in the daily operations of the company. Not all ownership involves that level of liability. This is by design.
Re:CFTC Orders JPMorgan to Pay Record $920M for Spoofing and...
by lottin on Monday December 06, 2021 @06:53AM
(#29458609)
Apparently you didn't think very hard about that one. If you made the owner of a company criminally liable for any wrong-doing by the company's employees, nobody would risk owning a company. It would be impossible to have an advanced economy with these conditions.
Re:CFTC Orders JPMorgan to Pay Record $920M for Spoofing and...
by genewitch on Monday December 06, 2021 @03:38PM
(#29465354)
I'm for the idea of no one wanting to own a company, who do I vote for?
Re:CFTC Orders JPMorgan to Pay Record $920M for Spoofing and...
by gokdisjtrdcvv5 on Monday December 06, 2021 @09:52AM
(#29460376)
I don’t think that’s what they said