That’s why companies that get privitised are so keen to issue dividends and bonuses: If it turns out there has been shit going on, the dividends are long gone, and it’s extremely difficult to claw them back.
Bunch of utter bastards. Issue massive dividends, saddle the companies with massive debt, then wait for the implosion that gets bailed out by the govt. So either the money lenders or the taxpayer pick up the tab.
That’s why companies that get privitised are so keen to issue dividends and bonuses: If it turns out there has been shit going on, the dividends are long gone, and it’s extremely difficult to claw them back.
Bunch of utter bastards. Issue massive dividends, saddle the companies with massive debt, then wait for the implosion that gets bailed out by the govt. So either the money lenders or the taxpayer pick up the tab.
I completely agree with your position, and surely that’s the one that should be taken by the regulators.
But it isn’t.