EPA Orders Norfolk Southern to Conduct All Cleanup Actions Related to Derailment

Re:EPA Orders Norfolk Southern to Conduct All Cleanup Action... by ROTMetro on Tuesday February 21, 2023 @02:47PM (#34886024)

This is a great idea. And I like the idea of fines being X% shares outstanding, not X dollars as that proportionally penalizes shareholders for not being good corporate owners. It's a win in so many ways.

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Re:EPA Orders Norfolk Southern to Conduct All Cleanup Action... by gretch on Tuesday February 21, 2023 @02:58PM (#34886199)

This probably doesn’t do the thing you want it to do

1) if there is a demand to have something, it usually raises price of that thing. You could interpret this as a forced buyback, which may raise prices of shares (and thus reward bad behavior)

2) what does the govt do with the stock after it has the stock? It doesn’t have a system for processing it, as it does with USD

Also, why shouldn’t you penalize shareholders? In the future they’ll think twice about investing in companies that cut corners to juice short term gains

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Re:EPA Orders Norfolk Southern to Conduct All Cleanup Action... by shanebellone on Tuesday February 21, 2023 @03:08PM (#34886330)

"Also, why shouldn’t you penalize shareholders? In the future they’ll think twice about investing in companies that cut corners to juice short term gains"

Losses speak louder than words.

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