midrange-nontech-request@xxxxxxxxxxxx wrote: > 7. RE: Programmer Liability (Walden H. Leverich) > >>Investors should know about that decision and liability >>should go along as far as the decision-making goes > >Corporate liability or personal liability? Risk/reward decisions are >part of everyday business. > >In your example of the bulldozer situation -- I have no problem with the >idea that a company not mark lines and pay any damages that may result. >That's a risk/reward business decision and should not impart any >personal liability on the decision maker -- the liability rests with the >company. Troublesome distinction. I don't know enough to voice a good opinion, but I have general feelings. Investors tend to be the ones who choose directors and therefore company executives. Investors thereby put their investment at risk based upon the wisdom of their choices. In that sense, i.e., the sense of loss of investment, there is personal liability in it. But of course that's legally just a part of 'corporate liability' (AFAIK, IANAL) -- when corporate money is paid out in fines, etc., assets are reduced and some investment is lost. But I also believe that there is additional personal liability for investors if it can be shown that they set the corporation up so that it could take actions that would be considered criminal and shield the investors from responsibility for those actions; I suspect that courts (juries) would/could give similar consideration in civil cases. It's speculation on my part. I'd need to know a lot more about a given case before I'd be willing to vote for a plaintiff or defendant. Tom Liotta __________________________________________________________________ Switch to Netscape Internet Service. As low as $9.95 a month -- Sign up today at http://isp.netscape.com/register Netscape. Just the Net You Need. New! Netscape Toolbar for Internet Explorer Search from anywhere on the Web and block those annoying pop-ups. Download now at http://channels.netscape.com/ns/search/install.jsp
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