Sunday, November 08, 2009

Fine Them til They Die

The only way to curb corporate crime is to put the really egregious offenders out of business with horrendous fines. Yes, it punishes the innocent stockholders, but for the most part, stockholders aren't innocent mom and pop types. They're enormous money and fund managers who acquiesce to anything mgmt wants instead of... functioning as active stock holders. Burn them enough times, and they will take their duties as board members, and as fiduciaries to their investors, more seriously.

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