Robert ReichI still hear people arguing that prosecuting a former president sets a “dangerous precedent.”
The truly dangerous precedent would be to establish that presidents are above the law.
Stargeezer Smith@rbreich
If we can't prosecute a former President for crimes , what next -- former Senators, former Congressmen, former CEOs?
If we can't prosecute a former President for crimes , what next -- former Senators, former Congressmen, former CEOs?
Paul SchoeGiven that nobody goes to prison when large corporations do illegal things, sometimes being fined hundreds of millions, it makes me feel that CEOs already will never be prosecuted for their actions.
I wonder how much money will flow to Congress once a CEO is held responsible for the activities of the company that they lead. All to prevent that.
@paulschoe @rbreich
True enough, but there are a few notable exceptions. Bernie Madoff went to prison for his ponzi scheme. Dan Rostenkowski was kicked out of Congress and put in prison for his mail fraud. Martha Stewart did some time for insider trading. Rod Blagojavich, former governor of Illinois, was jailed for public corruption.
So accountability has been exercised in at least a few cases.
True, but those are not the types of companies that I refer to. Bernie was basically the CEO of his own company; the same applies to Martha Steward.
I refer to CEOs of publicly traded companies being personally held criminally responsible for the actions that happened under their watch and that sometimes they even ordered to be carried out.