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You are only 'on the hook' if you own more than, say, 10%.

You can't be me, I'm taken
by Sven Triloqvist on Mon Nov 14th, 2011 at 05:27:29 AM EST
[ Parent ]
So nobody owns more than 10%? Jobs was Disney's biggest stockholder. At 7%. Gates owns about that of Microsoft.

How would that even help with the large corporate with spread out ownership?  

If your family of 9 owe 9% each are you ok?

Limited liability is not the problem here. Forgetting that it's a privilege we grant in order to make it possible for large corporations to function is the problem. When that privilege is abused, there should be consequences: you lose the protection of the limited liability and the investors lose their stake.

by Colman (colman at eurotrib.com) on Mon Nov 14th, 2011 at 05:38:24 AM EST
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