In shift, feds target top execs for health fraud

[jackschmittusa]

spidey07

He did not say that.

Why do you think so many execs get so much money in salary and bonuses? The assumption is that the execs will make a lot of money for the stockholders. The execs are supposedly crucial to the process of making the big bucks and are rewarded handsomely for their skilled direction.

If that direction includes fraud, why shouldn't they be held accountable? They are not small cogs in the machine, they are the ones that crank the machine. If they are not the ones deemed essential to the goals of the company, they deserve far less than millions in pay.

 

[fskimospy]

Speaking of health care, spidey is patient zero for ODS.

 

[werepossum]

I do find this worrying, but I certainly applaud the policy of criminally prosecuting people. A company cannot mislead a government inspector; that takes a person. If a fraud occurs, the feds need to be investigating who, exactly, committed it, and prosecute that person or persons in addition to sanctioning the company. I have no problem with banning a particular company or executive for repeat offenses, but for each specific offense there needs to be a person or persons held accountable.

 

[JTsyo]

"To our way of thinking, the men and women in the corporate suite aren't getting it," Morris continued. "If writing a check for $200 million isn't enough to have a company change its ways, then maybe we have got to have the individuals who are responsible for this held accountable. The behavior of a company starts at the top."

This should hold true for all repeated violations, not just fraud. Someone is breaking the law and hiding behind the corporation. From what was in the article, sounds like the laws already support prosecuting individuals.

In this case, I hope the executives use this as motivation to clean up their house. In the business world, a $300 million fine is just the cost of doing business when your profits are in the billions.

 

[KGB]

If corporations want the same rights as people, they (the CEOs) should be held accountable like people.