Hacker News new | past | comments | ask | show | jobs | submit login

How would investors know if something is kept secret?



Ostensibly they wouldn't. On the face that may seem like a problem but I think it's more of an opportunity. With real consequences on the table for investors corporate transparency becomes a critical component of any investment strategy. What might that incentivize?


What about the situation with 3M now? We know that they kept this is a secret, so shareholders should either sell or be criminally liable.


That’s a very good point. At the least, the stock price should go to zero. I guess your point is that they are artificially keeping the company out of bankruptcy/receivership.


No the argument I'm making is that the shareholders are funding a criminal enterprise and therefore should face RICO charges.


That depends upon someone willing to buy when it comes with criminal liabilities. Lets not recreate sin-eaters.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: