5 ms·
Reading the law with the strictest interpretation says to me (IANAL): yes
by robbiet480 4y ago
Reading the law with the strictest interpretation says to me (IANAL): yes
- etothepii 4y agoWhy wouldn't they just resign as a director in that case?
- lovich 4y agoI was unaware that after having committed a crime, that you could merely resign and say it’s not your problem anymore.
- kevin_thibedeau 4y agoBut these are elites. Can't be prosecuted if no prosecutor will bother to apply the law fairly to everyone.
- tedunangst 4y agoResign on payday.
- lovich 4y agoI suppose if you were about to h it a pedestrian while driving your car you could always bail out and claim you weren’t in charge of the vehicle, although that might be a bad example given Tesla’s shenanigans. The government isn’t that simplistic that they’d accept that as a legal defense if they were going to enforce the law. Possibly if the executive could prove that they were defrauded by another exec or vendor with liability and they resigned as soon as they had information to that effect which coincidentally was on pay day, they could pull it off. Even then though as a corporate officer they have liability over how the company operates when they choose the people to do the job. As the other poster pointed out the liability for payroll pierces the corporate veil and that means they can’t just bail out and use the corporation as a legal shield.
- twic 4y agoProsecutors hate him! Learn this founder's one weird trick for evading justice.
- etothepii 4y agoSurely the crime would only be not paying your staff. No crime was committed before that occurs.