Geraint Owens (Fearless Blue)
| Thursday, September 23, 2004 - 09:38 pm |
Hooray progress is being made! We have "Plcs", of a sort, so many shareholders are protected from business failure in all worlds. However the major stockholder is not, (as far as I understand) and those who own private companies still don't have limited liability protection at all.
Limited liability for private coroporations is however the most important issue, since when a business is large enough to be publically quoted the risk of business failure is much less of an issue. Limited liability is an essential safety net in the early days of a business venture and is necessary to encourage all players to start up new businesses, especially new players, playing as CEOs which we are most short of (at least in Fearless Blue). (I think this is actually quite important in arresting the decline of players in the game.)