Anybody who has watched the television news lately knows that corporate crime is a huge problem in the United States. For years the problem was largely ignored by government at every level and that was most unfortunate. Those in government have finally started to pay attention and to take action to prosecute the wrongdoers. We must continue to prosecute corporate criminals in this country. In my opinion, those in the corporate world who violate the law must be dealt with just like any other common thief. The penalties should include jail time for the individuals in addition to large fines for the companies. That’s the only way to put a stop to corporate crime. The sentences handed down last month to Kozlowski and Swartz as a result of their convictions in the Tyco debacle will do more to get the attention of other top executives who might be tempted to steal from their companies and stockholders. It will also deter corporate bosses who believe “cheating” the government isn’t really a crime.
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