
May 22nd, 2003, 11:35 PM
"I think I have to disagree with the notion that investors are more involved now, Ror."
I'm not saying they ARE involved, simply the propincity for them to BE involved exists now. Have the freedom to do something does not necessarily mean that freedom will be exercised.
"If investors were forced to be involved, forced to stay educated, and forced to stay on top of their investment, I think you'd have less corporate fraud and neglegence."
I thought we lived in a free society where force was unnecessary. Those who play the stock market, and will actually come up with enough capital to get prospective buisness rolling, WILL as a natural consequence, be interested and educated. It's call Due Dilligence, every corporation knows those two words, and fears them. Due Dilligence means even the intellectual property of a buisness, technically, belongs to the shareholders and can be exhumed upon demand.
I think the minute population of moms and pops who own a few thousand dollars in a corporation should be allowed the freedom to invest without having to concern themselves with how the corporation if spending their money, and whether their stocks will be adversely affected as a result. They have enough to worry about, and LLC offers them some degree of security. . .Even if it is only skin deep.
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