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What isn't illegal but should be? (lemmy.world)

submitted 3 months ago* (last edited 3 months ago) by [email protected] to c/[email protected]

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[–] [email protected] 15 points 3 months ago* (last edited 3 months ago) (1 children)

Leveraged buyout, cutting yourself a huge check, folding the company and walking away.

[–] [email protected] 3 points 3 months ago

Over the past few decades it's become very clear this is needed. The problem is that by making LBOs illegal you are saying that a controlling stake of the company's stock isn't the same as owning a controlling stake in the company. So at that point the value of stocks becomes a bit more speculative and likely much less stable. Given that basically the entirety of our economy is built on the stock market I think this is incredibly unlikely to ever happen.