Human IPOs treat people like corporations

Corporations are increasingly entitled to the same rights as actual people in the United States, and now people are responding in kind by behaving more like corporations, New York Magazine reports.

Some companies now offer human capital contracts or income share arrangements that are similar to an IPO. The person offering up the human capital agrees to give a share of future income to investors in exchange for a one-time payment—much as a business start up would offer shares to raise capital, NY Mag reports.

Read: Should you invest in Twitter?

NFL running back Arian Foster was planning to offer tradable shares of himself to fans through a sports marketing agency called Fantex. He would have made $10 million from the deal, but it fell through after a back injury ended his season.

Read more here.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.