News (Media Awareness Project) - US MI: PUB LTE: Corporate Crime Pays Too Well |
Title: | US MI: PUB LTE: Corporate Crime Pays Too Well |
Published On: | 2002-07-16 |
Source: | Detroit Free Press (MI) |
Fetched On: | 2008-01-22 23:18:34 |
CORPORATE CRIME PAYS TOO WELL
Why are we so upset about making sure crooked CEOs who lied about the value
of their stock go to prison? Ivan Boesky, who made $200 million on the junk
bonds scandal, got a fine of $100 million and spent a few years in prison.
When he got out he had $100 million waiting for him.
Big drug dealers have the government take away their homes and cars because
they are ill-gotten gains. What is the difference between a drug dealer who
ruins a person's life and a CEO who loses a person's life saving because he
was greedy?
Let's send them to prison -- but make sure that when they get out they have
a cardboard box waiting for them, not a $4-million home.
Robert Pegler Plymouth Township
Why are we so upset about making sure crooked CEOs who lied about the value
of their stock go to prison? Ivan Boesky, who made $200 million on the junk
bonds scandal, got a fine of $100 million and spent a few years in prison.
When he got out he had $100 million waiting for him.
Big drug dealers have the government take away their homes and cars because
they are ill-gotten gains. What is the difference between a drug dealer who
ruins a person's life and a CEO who loses a person's life saving because he
was greedy?
Let's send them to prison -- but make sure that when they get out they have
a cardboard box waiting for them, not a $4-million home.
Robert Pegler Plymouth Township
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