It can sell faulty products to consumers.a corp can't prescribe drugs
He'd get slapped with a settlement fine and continue business as usual... and that's IF the justice department even bothered to investigate the issue in the first place.
It can sell faulty products to consumers.
Let's say a fictional Murray Corp had killed Michael Jackson due to negligence, what would theoretically happen to the corporation - the CEO goes to jail?
Let's say a fictional Murray Corp had killed Michael Jackson due to negligence, what would theoretically happen to the corporation - the CEO goes to jail?
Individuals who commit criminal acts are subject to individual penalty, whether or not they are acting as an agent for corporate entity. Your hypothetical CEO would be sent to jail if the CEO was guilty of a crime. Individuals are not protected from criminal liability by hiding behind a corporate veil.
In addition, the corporation can suffer vicarious criminal liability by imputing the acts of its agents to the corporation itself. Typically criminal liability involves fines as you obviously cannot put a corporation in jail.
Often times there are available civil remedies against the corporation in cases like these. Such remedies can include not only monetary damages, but injunctions and in some cases, involuntary dissolution of the corporation.
Individuals who commit criminal acts are subject to individual penalty, whether or not they are acting as an agent for corporate entity. Your hypothetical CEO would be sent to jail if the CEO was guilty of a crime. Individuals are not protected from criminal liability by hiding behind a corporate veil.
In addition, the corporation can suffer vicarious criminal liability by imputing the acts of its agents to the corporation itself. Typically criminal liability involves fines as you obviously cannot put a corporation in jail.
Often times there are available civil remedies against the corporation in cases like these. Such remedies can include not only monetary damages, but injunctions and in some cases, involuntary dissolution of the corporation.