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View Diary: Open thread for night owls: Is BP getting off way too easy? (144 comments)

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  •  Re-Think that Corporate Person-hood? (4+ / 0-)

    Maybe just a wee bit.  Maybe corporations can be government created economic entities with specially created and regulated rights, exercised through designated corporate officers - who might personally be held criminally liable for the acts of the corporate person?

    Just a thought.

    The point, when corporations were invented, was to direct capital to large projects that would serve the public interest by limiting the liability of the individual owners.  It seems now a function is to limit the exposure of criminals to prosecution by allowing them to hide behind the corporate veil.

    (The ramblings above are directed in general terms and do not constitute an accusation that BP or any of its officers committed any identifiable crime in relation to the Deepwater Horizon event or any other corporate activity)

    •  I hope this case points out a big problem with (2+ / 0-)
      Recommended by:
      Justus, twigg

      that whole "corporations are people too" line of thinking.  Either a corporation is deemed a person and as the rights AND responsibilities of a person, including comparable punishment for criminal activity or we have to abandon/reconsider that whole idea of a corporation being a person.  
      And, if the idea of true personhood is abandoned by corporations because the risk is too high, and the corporation is deemed to be unavailable for criminal punishment, then officers of those corporations, who ARE people that can go to jail, might be a bit more cautious in doing stuff that might kill or cause harm to others.

      "Keep your feet on the ground and keep reaching for the stars" --Casey Kasem

      by netop on Thu Nov 15, 2012 at 08:58:18 PM PST

      [ Parent ]

    •  Individuals within a corporation are still subject (1+ / 0-)
      Recommended by:

      to criminal prosecution and jail.  Just ask former Enron President Jeffrey Skilling.

      Ken Lay, Enron's CEO, did not go to jail even though he also  was convicted.  He cleverly died before sentencing.

      LG: You know what? You got spunk. MR: Well, Yes... LG: I hate spunk!

      by dinotrac on Thu Nov 15, 2012 at 11:08:40 PM PST

      [ Parent ]

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