NOOOOOOOO
Jerry Feldman
gaf at blu.org
Tue Mar 27 15:03:44 EDT 2007
On Tue, 27 Mar 2007 14:45:34 -0400
Mark Richards <mark.richards at massmicro.com> wrote:
> Jerry Feldman wrote:
> > On Tue, 27 Mar 2007 14:09:29 -0400
> > Mark Richards <mark.richards at massmicro.com> wrote:
> >
> >> Officers and agents of corporations in the US are generally protected
> >> from any personal liability.
> > This is not true. Officers (eg. vice presidents, president, CEO etc)
> > are liable and are not protected from the crimes their company may
> > commit. They are shielded from any personal financial liability.
> Yes, thank you. That's what I meant to say.
> I agree that criminal acts of a corporation will have consequences.
> That said... how many actually get away with it?
>
> Note the "lite-brite" episode here in Boston. The slugs (who should be
> sanctioned for being dumb) take the criminal consequences for large
> corporations such as Ted Turner's who were able to quite easily buy
> their way out. If the Aqua Teen boys came up with a few million, I
> betcha they would not be facing jail time, nor the charges that are
> still being trumped upon them.
We're getting off topic here, but look at Martha Stewart (I grew up
with her stockbroker's assistant's father, Jerry Faneuil :-)
Look at Enron and Worldcom and even Tyco.
--
Jerry Feldman <gaf at blu.org>
Boston Linux and Unix user group
http://www.blu.org PGP key id:C5061EA9
PGP Key fingerprint:053C 73EC 3AC1 5C44 3E14 9245 FB00 3ED5 C506 1EA9
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