Reply to post: Death Sentence for Corporations

Meta offers $37.5m to settle location tracking lawsuit

An_Old_Dog Silver badge
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Death Sentence for Corporations

Look how well the breakup of AT&T worked: The "Baby Bells" re-coalesced (albeit under different names, via a rash of takeovers and mergers) like the liquid metal of the Terminators.

What's needed is something like a death-sentence-for-corporations:

(1) the employees' wages all would be paid; (2) The employees' retirement plans would be paid to the employees, linearly pro-rated, starting with the lowliest workers, and working up to the Board of Directors; (3) "Golden Parachutes" would all be invalidated; (4) Members of the Board would receive a lifetime ban on serving on any other BoDs, or consulting for any other BoDs; (5) Outstanding company-owed damages (for product liability, pollution cleanup, etc.) would be paid; (6) Stockholders would be paid for their shares; (7) Unsecured creditors would be paid; (8) Delinquent taxes would be paid; (9) Any excess would be evenly-divided among all employees; (10) ALL personal data in the company's possession would be DESTROYED; (11) exfiltrating or attempting to exfiltrate personal data from the company, once notice was served, will result in significant, irreducible jail time for the perpetrator(s), and, (12) anyone exfiltrating, or attempting to exfiltrate, information regarding a corporate-death case before official notice is served, will receive significant, irreducible jail time (this last to discourage any government "friends" of BoD members from giving an un-official "heads up").

I know this isn't fair to any "contractors" the company uses. Someone else will have to amend my proposal to be fair to them.

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