this post was submitted on 26 Jul 2024
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Leveraged buyout, cutting yourself a huge check, folding the company and walking away.
Over the past few decades it's become very clear this is needed. The problem is that by making LBOs illegal you are saying that a controlling stake of the company's stock isn't the same as owning a controlling stake in the company. So at that point the value of stocks becomes a bit more speculative and likely much less stable. Given that basically the entirety of our economy is built on the stock market I think this is incredibly unlikely to ever happen.