Comments by "L.W. Paradis" (@l.w.paradis2108) on "Then & Now" channel.

The very concept of the corporation is to limit the legal liability for its principals and agents. The worst that can happen to CEOs if a well blows in the Gulf, an airplane door falls off, or a tanker takes out a bridge is that they will lose their position. They will not lose a penny of prior compensation or of vested stocks, vested pensions, or other benefits. They cannot be sued. How is that "taking personal responsibility?" The whole point is not to; the corporation can be sued, not its C suite.
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@damianbylightning6823 Actually, I remember when unemployed people could go to a state office and speak with a real, live, human social worker who helped them find a job. My aunt, who was a physicist, needed to do that after a period of ill health. They could also have someone review what benefits they could legally draw until they found work. Yes it certainly was helpful to have human contact.
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 @TheNightWatcher1385 Those poor bankers, resisting $10 and $20 million per year bonuses all the way, kicking and screaming, and the government making them take them. Tsk.
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 @Gandalf_the_quantum_G So tell me . . . How did the pandemic happen? It resulted in the greatest upward transfer of wealth in history.
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 @straightfacts5352 Who got the $10 million+ bonuses to bundle these mortgages and sell them as A+ rated or better, to pension funds no less?
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@NombusoThabethe-m3i I don't understand your question. It does pay taxes, and it can be sued. Its C suite is shielded from having to take personal responsibility. Its the CEO who doesn't put his personal wealth on the line.
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 @NombusoThabethe-m3i What a shame so much of this has been . . . . . . . Yes, gone. The c-word, ending in -or.
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@frankthetank130 No he was not. He was related to a bunch of presidents, through his mother, and went to private schools.
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 @jimkane9832 It certainly is not.
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