> In my opinion, the whole concept that a company can break the law but no human can be held responsible is insane.
Wait, isn't the board personally liable for their decisions? I'm not a lawyer, obviously.
Wait, isn't the board personally liable for their decisions? I'm not a lawyer, obviously.
Perdue pharma is a high profile recent example of this , but there dozens of such events from big tobacco to baby formula
not really.
corps have the defining feature that their passive shareholders are protected from personal liability, but not their officers, directors, nor employees.
they are "entities" so they can sign contracts and you can sue them and bring them to court. they are entities so the entire body of preexisting laws about suing and bringing to court would not need to be rewritten from scratch for corporations, it slots them into the rights and responsibilities that individuals have.