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Anybody can claim anything, that's the whole point of an adversarial judicial system. ideally the other side will poke holes in the defense's argument. One, pe
by jfoutz 15y ago
Anybody can claim anything, that's the whole point of an adversarial judicial system. ideally the other side will poke holes in the defense's argument.
One, perhaps worthwhile, change would be to tie penalties to income. it's impossible for a corporation to do jail time. $100,000 would be a lot for most people, but for many corporations this is a tolerable sum. being held accountable for, say, up to 10% of revenue would get some attention.
- jeltz 15y agoIn anti-trust cases the EU has fines tied to the earnings of a company. I believe they can go as high as 15% so for large corporations like Microsoft it can become quite the sum. I believe Microsoft were fined 1.5 billion euro before they gave in to the demands.
- tibbon 15y agoI worry in the US that fees like this would be accused as being 'job killers' by their friends in politics.
- electromagnetic 15y agoIt's not impossible for corporations to face criminal charges, and I believe jail time shouldn't be ruled out. Board Executives are going to think twice if a 6 month jail sentence is divvied up between them based on the percentage of shares they hold.
- chc 15y agoA corporation is not its board members. To put the board members in jail, you would have to try them. What you're proposing would be a major overhaul of the criminal justice system.