How can an organization be convicted of a crime? After all, it's the human beings in that organization who plan and execute the wrongdoing. CHIEF EXECUTIVE highlights a discussion of criminalization of corporate conduct which was held at the Manhattan Institute early this summer. Here is a video of that back-and-forth, featuring Richard Thornburgh, a former U.S. Attorney General, and entrepreneur Ken Langone.
The mess, which led to the death of Arthur Anderson and 100,000 jobs, began 100 years about 1909. That's when, explains CHIEF EXECUTIVE editor-in-chief J.P. Donlon, there began to be an expansion of the assumption that corporations were liable for the decisions and behavior of those who earned money there. Populism increased that exponentially. Yet, common sense - think Philip Howard - has it that entities can't commit crimes. People do.
Note: The Manhattan Institute operates Pointoflaw.com.
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