Corporate Crime and Punishment: The Crisis of Underenforcement
Corporate Crime and Punishment: The Crisis of Underenforcement by John C. Coffee JR
English | 2020 | ISBN-13: 978-1523088850 | 216 Pages | EPUB | 1.14 MB
In the early 2000s, federal enforcement efforts sent white collar criminals at Enron and WorldCom to prison.But since the 2008 financial collapse, this famously hasn't happened. Corporations have been permitted to enter into deferred prosecution agreements and avoid criminal convictions, in part due to a mistaken assumption that leniency would encourage cooperation and because enforcement agencies don't have the funding or staff to pursue lengthy prosecutions, says distinguished Columbia Law Professor John C. Coffee. "We are moving from a system of justice for organizational crime that mixed carrots and sticks to one that is all carrots and no sticks," he says.