That would've been totally illegal except that the JOBS Act just passed into law. Now...maybe.
There's a pretty good recent scifi book about this sort of thing, called The Unincorporated Man. Basic premise was that everybody is partly owned by other people. Own 10% of someone's shares and you get 10% of their income. Everybody's ambition is to get hold of 51% of their own shares.
There's a pretty good recent scifi book about this sort of thing, called The Unincorporated Man. Basic premise was that everybody is partly owned by other people. Own 10% of someone's shares and you get 10% of their income. Everybody's ambition is to get hold of 51% of their own shares.