[lbo-talk] Bernie Sander's "saving democracy" amendment

lbo83235 lbo83235 at gmail.com
Mon Feb 6 07:54:16 PST 2012


On Feb 6, 2012, at 5:43 PM, michael perelman wrote:


> Of course, the limited liability corporation is a way between moving
> responsibility away from persons by preventing the owners from being
> sued personally. Quite ironic.

Indeed - at least in retrospect. The "public benefit" requirement in corporate chartering was originally the justificatory basis for granting LL. Obviously that practically begs to be subverted eventually, but there's a kind of sense to it.



More information about the lbo-talk mailing list