Many of you are not from America. As such, I somewhat apologize for today’s topic- but, from what I have seen of my travels, this is true worldwide.
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Warren bares the warren of greed
Responsible Corporate Officer Doctrine?
So, I know this will tick a whole bunch of you off. But, the subject matter needs to be discussed.
We all know that Western Civilizations believe (not necessarily practice) in the concept of law that an individual may only be prosecuted and convicted of a crime should that individual be proven to have willfully or knowingly committed an unlawful act. But, in the corporate world, that practice has not routinely been the law of the land. The governments have been threatening to do so for transgressions of a financial, environmental, or food and drug laws. This is called the “responsible corporate office doctrine”, akin (of sorts) to how the IRS goes after corporate officers and check-signers for trust fund taxes (last week’s post).
It can happen here. It shouldn’t!
One of my friends, Paula Lee Bright, wrote last week about how Baby Boomers have had their retirement nest eggs destroyed. I remarked at the time, that I had lots to say on this subject, but wanted to avoid the Politics (I have no problems discussing politics on this blog)- and had written extensively on this subject in various other blogs and publications.