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Corporate crime? I am not sure that there's such a thing. If we desire to decrease the crimes that get that lable, we have to quit offering large punitive fines to organizations. The theory is not as significant as it sounds.

To begin with, when I say that there's maybe not such a thing as corporate crime, I just mean that it is always crimes are committed by individual people who. With this at heart, you can imagine what my better way to reduce this crime is: Follow the thieves!

Who Pays For Corporate Crime?

Just who pays each time a large corporation is fined for breaking the law? To begin with, the stockholders pay. Many of these are simple retirees who have money invested with the organization and had no idea they were breaking regulations. If the financial situation of the organization is broken by the penalties, then the employees spend with the loss in jobs. Who does not pay? Just the criminals - the people who chose to break what the law states.

All crimes are committed by PEOPLE, not businesses. The decision was made by a PERSON to accomplish this (or many people), when a business deposits toxins in to the environment. Whenever a organization steals from the pension fund or violates individuals rights, those decisions were made by INDIVIDUALS. People make corporate crime, perhaps not businesses!

If you want to stop corporate crime, start putting the folks who are involved in the crime in PRISON. Our current system frequently has company representatives making cost/benefit calculations as to if the profits from certain crimes are higher than what the sporadic charges total up to. They stand little potential for being held personally responsible, even though regulations are broken. Why don't you hold them responsible?

To fine companies for the actual costs imposed on the others by a crime is suitable. We've to completely clean up toxic messes, and in other cases cover those who suffer injuries. And also this implies that investors have a reason to be careful in who they elect to the board of directors. But, "punitive" fees are ridiculous unless they are assessed contrary to the individual criminals. Make the person who committed the crime pay the fine.

Is this such a revolutionary idea? I really do not think so! By the way, which you think is prone to discourage a officer from committing a crime, a fine that's settled by the organization, and does not even affect his salary, or ten years in prison? The answer compared to that offers us the answer to corporate crime. best mens watches