Do defenders of the death penalty exclude corporations?
On Mon, Sep 14, 2009 at 01:11:49PM -0500, raghu wrote: > > In effect, Judge Rakoff found, the settlement would force the victims > of the alleged misstatements--Bank of America shareholders--to pay an > additional $33 million. > > "It does not comport with the most elementary notions of justice and > morality, in that it proposes that the shareholders who were the > victims of the bank's alleged misconduct now pay the penalty for that > misconduct," the judge wrote. > > The judge has noted that SEC policy directs that culpable executives > be punished for misleading shareholders, something the commission had > not sought in this case. > > -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
