News for hackers. Stuff that matters.

A comment on Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC. Parent comment

Re:Joint Statement by the Department of the Treasury, Federa... by snotrockets on Monday March 13, 2023 @12:31AM (#35131093)
Many investors like to have a board seat, which makes them an officer of the company
[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by jacquesm on Monday March 13, 2023 @12:46AM (#35131209)
True, but getting a board to be liable has a very high standard of proof. If not then there wouldn't be any boards, the compensation would not outweigh the risks.
[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by snotrockets on Monday March 13, 2023 @01:22AM (#35131439)
Given the choice between bridging some cash (knowing that the full faith and credit of the US government backs the funds being bridged), or having the possibility of getting dragged into proceedings in the future, which at best would increase my liability insurance premiums, I'd pick the former.
[ Parent | on HN ]