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    Praveen Selvaraj
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    The document discusses the key messages conveyed by a list of the top 100 corporate criminals of the 1990s. It notes that the list shows how widespread corporate crime is, with involvement from many major corporations. However, it also shows that the fines imposed on most companies, typically around $1 million, were too small to act as a deterrent given the size of large multinational corporations. Additionally, the document suggests that the true extent of corporate crime is likely underestimated, as some corporate actions that should be illegal are not defined as crimes, and authorities lack sufficient resources to properly investigate corporate wrongdoing.

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    The document discusses the key messages conveyed by a list of the top 100 corporate criminals of the 1990s. It notes that the list shows how widespread corporate crime is, with involvement from many major corporations. However, it also shows that the fines imposed on most companies, typically around $1 million, were too small to act as a deterrent given the size of large multinational corporations. Additionally, the document suggests that the true extent of corporate crime is likely underestimated, as some corporate actions that should be illegal are not defined as crimes, and authorities lack sufficient resources to properly investigate corporate wrongdoing.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    13 views1 page

    Corporate Crime

    Uploaded by

    Praveen Selvaraj
    The document discusses the key messages conveyed by a list of the top 100 corporate criminals of the 1990s. It notes that the list shows how widespread corporate crime is, with involvement from many major corporations. However, it also shows that the fines imposed on most companies, typically around $1 million, were too small to act as a deterrent given the size of large multinational corporations. Additionally, the document suggests that the true extent of corporate crime is likely underestimated, as some corporate actions that should be illegal are not defined as crimes, and authorities lack sufficient resources to properly investigate corporate wrongdoing.

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    CORPORATE CRIME

    What The List Tells Us > Robert Weissman, Editor, Multinational


    Monitor

    The list of the top hundred corporate criminals of the 1990’s delivers a few
    messages. One is the breadth of corporate crime and how many different
    corporations, including many of the leading corporations in the country and in the
    world, are involved in criminal activities. So there’s a pervasiveness to corporate
    criminality. It also tells us though, how small the fines were for most of the
    companies involved. Fines on the order of a million dollars may mean something
    to an individual but to a large multinational corporation, a million dollars is
    something to be laughed off. It’s very little sanction and no deterrent really,
    whatsoever.
    So on the one hand, the list shows the pervasiveness of the problem. On the
    other hand, it shows that there’s really a problem of insufficient sanctions and
    punishment for corporations. And then finally, there’s good reason to believe that
    the list itself, massively underestimates the extent of corporate crime. That’s in
    part because many things that corporations do that should be crimes aren’t
    defined as crimes, and it’s also because the corporate criminal police are vastly
    underfunded and inadequately equipped to go after the corporate criminals.

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