> Separately there's a good argument that keeping the company alive is better for those affected because it can fun ongoing liabilities.
There's a better solution: the government pays all the fines and then nationalizes the company until the profits have paid back everything owed plus reasonable interest. Then, it's sold off. The original owners get nothing.
That way, there's also an incentive for current shareholders to pressure their management to behave ethically - clearly, there's a massive lack of such in the current framework.
There's a better solution: the government pays all the fines and then nationalizes the company until the profits have paid back everything owed plus reasonable interest. Then, it's sold off. The original owners get nothing.
That way, there's also an incentive for current shareholders to pressure their management to behave ethically - clearly, there's a massive lack of such in the current framework.