this post was submitted on 12 Feb 2024
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How exactly do you want it? Publicly traded companiee can't use it? That would affect small companies too, but being publicly tradable is more likely to make an evil company in the end. Companies over a certain valuation? That would have problems with interest and private companies like valve not having to tell people their valuation. Mix of both is probably best.
I would probably list out a series of symptoms of large businesses that don't qualify for my non-corporate license.
That's probably a good start.
That's a pretty good list. I would say for 1 and 4 it should be in the past 50 years, to allow for companies to change. I would also add that anything the parent company or a company owned by the parent company that violates these rules also counts. Also, what is a "golden parachute"
A "golden parachute" is basically a clause in the contract of a CEO or other higher up where the company agrees to pay severance benefits. I don't have a problem with severance pay in general but some of these things are basically "No matter how much I embezzle and defraud, no matter how many people I kill, no matter how much damage I do, I get tens or hundreds of millions of dollars, to the degree of actually incentivizing getting hired and fired as much as possible.
That's pretty stupid.
Exactly.