3 ms·
Corporations should NEVER be charged. They are nameless legal constructs incapable of making decisions. Worse, when corporations pay fines this is with SHAREH
by kennend3 4y ago
Corporations should NEVER be charged. They are nameless legal constructs incapable of making decisions.
Worse, when corporations pay fines this is with SHAREHOLDER money.
The leaders / decision makers should be fined and corporations forbidden from paying these fines.
Having more "prohibited from taking on a leadership role in any publicly traded company for 5 years" rulings would also help.
These actions would put a quick end to what takes place these days.
- ncmncm 4y agoThe sentiment is correct. But the whole purpose of corporations' existence is to provide a vehicle by which to evade all personal responsibility. Thus, every legislative attempt to define avenues for accountability for people wielding corporations is neutered by Supreme Court legal invention. US Congress defined legal status of "person", which SCOTUS extended to include corporations, "legal persons". Then Congress defined "natural person", and SCOTUS extended that to include corporations, too. Congress gave up, after that. US Department of Justice technically has power to "pierce the corporate veil" and charge investors or corporate officers, but practically never does, possibly for fear of collecting a SCOTUS decision eliminating its ability ever to do it at all. As we say, "the fix is in". The only effective legal bound on behavior of people wielding corporations is that it cannot vote or serve on juries, which is not wanted in any case, or be elected to public office. It will be at least a generation before SCOTUS could be constituted to overturn corporate "natural" personhood.