> Are state-enforced lawsuits really what keeps large multinational > corporations honest now? If not, then the concept here is to use > mechanisms similar to whatever large corporations now use. > Robin Hanson [EMAIL PROTECTED] http://hanson.gmu.edu
"Multinationals" come in different flavors. Those based in Western nations and that have assets that can be seized after litigation are probably kept in line by fear of lawsuits and jail terms. I have no idea how share holders keep faith in firms based in dodgy Third World nations. Probably some kind of trust, where paying out dividends and respecting voting rights signals that future investors will be treated well. But how often does this occur? Are these multinationals not based in 3rd world not trying to avoid shareholder rights? Fabio
