Limited liability companies are “limited” in the sense that there are limitations on the responsibilities of the members of the corporation. The CEO can’t be held personally liable for the actions of the company, for example; their underlings could have been responsible and kept the leader in the dark.
However, there’s this interesting legal standard wherein it is possible to “pierce the corporate veil” and hold corporate leadership personally liable for illegal actions their company took, if you can show that by all reasonable standards they must or should have known about the illegal activity.
Anyway Elon has been elbow-deep in the inner workings of Xitter for years now, by his own admission, right? Really getting in there to tinker and build new stuff, like Grok and its image generation tools. Seems like he knows an awful lot about how that works. An awful lot.
The CEO can’t be held personally liable for the actions of the company, for example; their underlings could have been responsible and kept the leader in the dark.
The onus should be on the company to prove their employees kept the CEO in the dark, not the other way around.
The law is a funny creature. I own a business myself (just started, actually!) and it would suck to be brought up on charges I have no idea about but I’m being held personally liable for. I’m grateful for the LLC protection in that case. Of course, I’m also not planning on committing any crimes, nor having my business commit crimes, so it’s a minor worry. Really only important in the event the law gets weaponised against the people, say for example by a foreign asset in high office… 😬
I’m editing my response, 'cause you know what? You don’t know anything about me, my business, or my ethics. You have no standing to judge my character, and based on the fact that you have anyway, I don’t care to know anything else about you or engage with you further.
Limited liability companies are “limited” in the sense that there are limitations on the responsibilities of the members of the corporation. The CEO can’t be held personally liable for the actions of the company, for example; their underlings could have been responsible and kept the leader in the dark.
However, there’s this interesting legal standard wherein it is possible to “pierce the corporate veil” and hold corporate leadership personally liable for illegal actions their company took, if you can show that by all reasonable standards they must or should have known about the illegal activity.
Anyway Elon has been elbow-deep in the inner workings of Xitter for years now, by his own admission, right? Really getting in there to tinker and build new stuff, like Grok and its image generation tools. Seems like he knows an awful lot about how that works. An awful lot.
Oh man the last three years have been rough on him.
Hopefully the next three are worse.
Having giant growths in your bladder that mean you can’t pee when you want to, and can’t stop peeing when you don’t want to, will wear ya down.
I hear he’s doing ketamine about it, which may not be the best idea because ketamine got him there…
I thought he was the giant growth on his bladder.
The onus should be on the company to prove their employees kept the CEO in the dark, not the other way around.
The law is a funny creature. I own a business myself (just started, actually!) and it would suck to be brought up on charges I have no idea about but I’m being held personally liable for. I’m grateful for the LLC protection in that case. Of course, I’m also not planning on committing any crimes, nor having my business commit crimes, so it’s a minor worry. Really only important in the event the law gets weaponised against the people, say for example by a foreign asset in high office… 😬
So you like the benefit of being on top of the hierarchy without the responsibility.
Congrats.
I’m editing my response, 'cause you know what? You don’t know anything about me, my business, or my ethics. You have no standing to judge my character, and based on the fact that you have anyway, I don’t care to know anything else about you or engage with you further.