Over the past few years we have seen first-hand how corrupt some of the big bosses in Corporate America have become. Many large companies such as Enron, American International Group Inc., Tyson Foods, HealthSouth and many others too numerous to list, have been run by bosses who had little regard for the law, their customers or clients, or even for their own shareholders. Many of these bosses have been the subject of criminal indictments and convictions and many more are currently under investigation. The events leading up to the bailout of the financial institutions have now been made public.
In my opinion, there are other investigations of a criminal nature that are certainly warranted. The recent scandal involving Benard Madoff that cost investors over $50 billion is just another example of how greed and power can often lead to criminal intent with subsequent actions by persons in control of large companies. These corporate bosses get to the point in all too many cases while they really believe the corporate money and assets are theirs to do with as they please.
Corporate bosses who break the criminal laws should be treated like any other criminal and they definitely shouldn’t receive special treatment. In fact I believe they should actually be held to a higher standard than the common criminal. I would like to know how many of our readers believe corporate criminals – like Maddoff – should be put under “house arrest” and not be jailed like other criminals.
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