Execs Avoiding Jail
Comments express frustration that corporate executives behind major frauds and scams face no personal jail time, only company fines, referencing cases like Wells Fargo, the 2008 financial crisis, and Enron.
Activity Over Time
Top Contributors
Keywords
Sample Comments
It's a situation similar to bankers and the financial crisis. That is, extremely difficult to jail someone for it.This article explains it better: https://www.theatlantic.com/business/archive/2016/08/why-are...
Why are the people behind these companies not in jail?
The people involved should go to prison. This is no less of an offense than corruption by judges, or other public official. It may be one step removed, but if you don't make an example out of companies and the people involved, this will keep happening as a tacit agreement that its ok, and it isn't.
This seems no worse than what Deutsche Ban and Wells Fargo have been caught doing. I think maybe his mistake was not doing this through corporate obfuscation at a large enough scale. Although Bankman-Fried and Madoff got punished with prison time, they threatened the wealthy with their fraud so steering clear of that has to be taken into account.
The rest of us go to jail for breaking the law. Why shouldn't execs?
It's not cliché, it's NOT ok that these corporations can commit huge crimes and no one goes to jail. I would say the fact that you seem OK with it is not OK.Literally no one went to jail for the crimes of 2007-2008. No one went to jail for laundering money for the cartels, no one went to jail for Libor scandal, and no one went to jail here. Yet if you walk into McDonalds and rob it of the amount in the cash register, you could go to jail for many years
The laws on fraud seem drasticly more punitive when you aren't the CEO of Wells Fargo or Mylan.
Yea .. seems kinda shady. Still, we see shady practices for people in large companies all the time. They've got an entire team of board members and crew to share in the process, so the result is almost always monetary compensation, fines, etc.Maybe we should see more CEOs in jail in a similar manner, when their decisions to commit fraud intentionally causes the loss of savings and homes for so many average working class people?In any case, we're seeing his small shop and his atte
Why are the people who ran these companies not in jail?
management could be jailed for fraud.it is the usual thing where the powerful we say “best we could do” but for the weak we find a way to get them in jail if we don’t like them