RE: Supreme Court to decide if corporations can be sued for human rights abuses
February 25, 2012 at 11:02 pm
(This post was last modified: February 25, 2012 at 11:03 pm by popeyespappy.)
(February 25, 2012 at 8:41 pm)Tiberius Wrote: Corporations shouldn't get the benefits of citizenship in the first place. They aren't people; they are merely made up of people. Why should an entire corporation suffer for the crimes of a few people in it? People can be easily replaced in a company, but if the entire company is sued and taken down, how many jobs will be lost?
One of the benefits of incorporation is it shields the owner (stock holders) from personal liability for the actions of the business they own. This is accomplished by shifting the legal liability from the stock holders to the corporation. If you want to protect the corporation from liability you need to shift the liability back to the owners again.
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