Why is them being separate companies relevant when they have the same ownership? If a judge goes after you they go after all your assets.
Limited liability is what made modern commerce what it is today.
Not saying that Brazil have the good definition but it’s pretty infuriating how in US and Europe, you are pretty rarely accused when your company really misbehaves.
I mean, we may have thousands of cases of companies killing people due to bad decisions and executives are mostly never prosecuted.
However, the judge is punishing Elon (the person) via collateral damage to his other businesses
If you can't see any difference here I really can't help you
Now stockholders should be asking whether going into Brazil is worth the risk because any major stockholder might be punished for their position in an entirely unrelated company. The answer may be yes, it's worth the risk, but the question should definitely be asked.
Also, imagine we realized that Sundar Pichai also had a major position in Costco. So then we started to crash Costco to make Sundar Pichai direct Google policy. And the stakeholders in both companies who don't care and are just using this as retirement strategy are exposed.
How else is the judge supposed to punish Elon then, if he doesn't live in Brasil? All the judge can do is go after his assets in Brazilian jurisdiction. Yes, 40% of a company is also an asset in many jurisdictions.
very shortcoming rhetoric