alt Hacker NewsSorry but IMO this sort of company structure should not be allowed. Private companies should not be able to issue stocks the way Zuck & Elon have. Pull Meta’s charter and redistribute their assets. Let that serve as a notice to Elon that he’s next.
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Under that standard why not just strip you of all your wealth and property and redistribute it? You’re not deserving of anything at all.
Ask almost anyone here and they'll tell you that the C-suite are mostly a bunch of morons who don't know anything about technology, and now you want to ensure that businesses can only ever be run by such technologically illiterate morons, not founders? Insanity!
Sorry but making laws retroactive is authoritarian. We should make it illegal to propose such things and put you in prison.
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