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At least in the US, there's precious little difference. If a company is found guilty of a crime, the C-suite isn't thrown in prison; they pay a fine. If a comp
by lenerdenator 2y ago
At least in the US, there's precious little difference. If a company is found guilty of a crime, the C-suite isn't thrown in prison; they pay a fine.
If a company is found to have committed a tort against a party, they pay damages.
There are exceptions (the Volkswagen diesel scandal comes to mind) but generally both punishments entail paying out a monetary amount that is often lower than the profit generated by the crime, often because of tort reform or because of fine amounts that are out-of-date with current corporate revenues.
- jjk7 2y agoThere was one banker imprisoned for the 2008 financial crisis, but he was hardly responsible.