Corrections and clarifications: John Rust is the former chair of the board of Rose Acre Farms, Inc. His brother and CEO of the company, Marcus Rust, took over the role of board chair in September.
A verdict in a federal lawsuit over price-fixing by some of the country’s largest egg companies has bled into Indiana’s 2024 U.S. Senate race.
There needs to be a new federal law against things that “Negativity Impact the American People” with very strict penalties. So just like someone can break a state or local law and then federal prosecutors can also come in and charge them for a federal crime.
Would cover this, the banks and wall Street for 2009, J&J asbestos in talc powder, opioid epidemic, etc.
Sure those laws end in fines or class action lawsuits less then the profit made. But now the people in charge that knew what they were doing get a federal prison sentence. Golden parachute right into 10 years behind bars.
They need to start actually jailing executives who are clearly culpable for this shit. Like real jail sentences. Fines mean nothing to these companies.
Jail won’t do anything. You have to hit them where it hurts. We need to make criminal behavior cost them personally.
Minimum fine = 100% of all gross revenue generated from the illegal activity. This fine will be paid out of personal assets of the guilty executives first, then sezuire of stocks as assets of the board of directors and major stockholders. If this equals the governments owning a controlling interest in the company, then it is converted to an employee owned entity.
Nah if you start sticking these dudes in prison for 10 years when they’re already in their 50s-60s, it’s going to make a dent. That’s a solid 30-50+% of the rest of their lives.
Doubt it. There will always be a new slew of psychopaths to fill in. Plus punishment has never been a good deterrent. Even less so for these types if people.
You really want to stop it you need to start holding shareholders accountable. They’re the source of the problem.
Punishment is a deterrent when people know there’s a good chance of getting caught. What isn’t a deterrent is very harsh penalties for crimes people expect to get away with.
You don’t think taking away years of their lives would be hitting them where it hurts?