AT&T Case Asks High Court to Assign Privacy Rights to Companies
businessweek.com
businessweek.com
I tried searching but couldn't come up with anything as I don't remember the name of the company or who was involved.
If my memory serves me correctly, this was an example of exactly why corporations shouldn't be granted the same rights as actual humans.
Neither a corporation nor an individual should have the right to cover up something like that.
A publicly traded company could have a "right to privacy"? What a country.
ie. going to prison for things like killing a bunch of people on the BP platform and tons and tons of wildlife. I mean even for a few months? Why are they sleeping comfortable in their beds every night plotting their next dollar?
BP, Worldtrans, Haliburton, not a single person has served a single day.
But try pouring a quart of oil off your curb while the neighbors watch and see how many months you serve in prison.
Blackwater, DynCorp, CACI and Titan Corp, not a single day in prison.
There was a 1980s case where a company (Allegheny Bottling Co.) was convicted of an offense with jail time, and the judge imposed a suspended sentence with probation, with a probation condition being that top executives spend their 40 hours a week doing community service. That was overturned on appeal, though, with the appeals court recognizing that the trial court had something of a dilemma (the corporation had been convicted of a crime with a sentence that in practice could not be imposed), but said that that form of "corporate probation" was too much of a stretch, and that it was up to Congress to figure out what to do about it.
People also occasionally propose a three-strikes equivalent for corporations, where three criminal convictions leads to revocation of the corporate charter. The fundamental problem is that criminal penalties are supposed to have both deterrent and incapacitating effects: the threat of jail time is supposed to be a strong enough sanction to deter people who wouldn't be deterred by mere fines, and actual incarceration physically restrains people from committing more offenses during the time they're locked up. How does one both deter corporations from violating laws, and incapacitate those that do?
I wonder just how many people have to obviously die from someone's risky decision, hiding behind a corporation, for someone to serve even one day. The BP disaster sets the bar pretty high for everyone to walk away scot-free, the idea that one day there will be some other kind of event even worse than that is pretty scary.
Actually, it's rather easy. The CEO collects the biggest paycheck, nail the responsibility to them. Greatest profits should come with the greatest risk.
Section 162(f) -> http://www.law.cornell.edu/uscode/26/usc_sec_26_00000162----...
IRS Publication 535 (2009) (Although not authoritative, it provides examples) -> http://www.irs.gov/publications/p535/ch11.html
Why is that?
Just pretend that the corporation is legally in jail, and apply all restrictions that that includes. No internet, phone, rights to profit, etc.
It would hurt them just as much as a person if it were actually carried out.
Captain Planet -- where all environmental damage was caused by acts of malice by identifiable people -- made for a great TV show... when we were eight.
But don't you think when there is a decision to pursue an extremely risky behavior (ie. drilling in the gulf, running private armies in foreign battles, selling derivatives) and when that risk literally blows up and kills people, SOMEONE should pay? Perhaps the people who pushed for that risk?
I mean there are other ways to make money that do not endanger lives, these people decided that there was zero risk to them personally so to heck with playing it safe and instead risked other people.
What if you make pacemakers that save millions of lives but one day there's a software update that ends up killing a thousand people? Who's the "SOMEONE that should pay?" The developer who coded the bug? The analyst who misunderstood the use case and wrote the wrong requirement? The Quality Assurance team that tested the code and said it was A-OK? The software department head who signed off on the release?
In the real world, the cause of most lethal mistakes are shades of gray, not black and white as you imply.
Maybe we need people to go to jail in a society for wrong doings in order to prevent pathological behavior from becoming the norm.
There's nothing stopping the govt from prosecuting folks who made the relevant decisions. They just choose not to. No law can change that - prosecutorial discretion and all that.
Occasionally individual prosecutions do happen. The CEO of worldcom, Ebbers, was sentenced to 25 years. Some of the Enron folks served time as well.
I'm quite certain the BP CEO did not own any residential gulf-front property along the Gulf of Mexico.
tl;dr: For fuck's sake, nail the responsibility to the CEO. If they don't like it, they can steer the company into the moral high road. Secondly, Yes, the CEO. They take credit for when the company does well, so let them take credit for when it does reprehensible things.
If corporations are people, and you can't own people... then every stockholder is a Slave owner and the Stock exchange is the largest slave market ever.