Earlier quoted context omitted.
While superficially a good idea, it would probably punish shareholders more than the actual perpetrators and would most likely lead to a far lower performing company, so a weaker economy. How many state run companies do you know are performing great? Tesla may do any number of shady or illegal things but without Musk and his vested interest in the company it would probably be a footnote in some corporate obituary.
Why? It’s not like shareholders are the ones doing the work inside the company.
- The shareholders shouldn't necessarily be held responsible because most have no input or knowledge when it comes to any shady business.
- The company would perform worse because without the drive for profit (and whatever gray means they use to achieve them) that most private entrepreneurs have, the company would almost definitely perform worse. Privatized companies usually run better because the state might be a good minority shareholder but not the best when it comes to driving a company.