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White Collar Crimes and the Dilemmas of Corporate Control

Read:
http://caselaw.lp.findlaw.com/scripts/getcase.pl?court=US&vol=421&invol=658

Who won? Was this case decided correctly? Should a CEO ever be criminally liable for crimes committed by employees? If so, under what circumstances?

Also, research another example of white collar crime using the Internet. Tips: You could research Enron, Arthur Andersen, the Erin Brockovich case, Tyco and Dennis Kozlowski, the Teledyne case, potential liability of CEOs of financial institutions for misrepresentation, the Maddoff Ponzi scheme, etc. Please list any websites you quote or cite at the bottom of your comments using APA style.

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White Collar Crimes and the Dilemmas of Corporate Control:

In this case of United States versus Park, in which Park, the chief executive officer (CEO) of Acme Markets, Inc. was being charged for food adulteration as espoused under the Food, drug and Cosmetic Act (FDCA), the United States Government won the case. Though Park was at first found guilty by the trial court for the food contamination since it was he who was responsible for all things that occurred in the company due to his position and authority, the court of appeal reversed the ruling and remanded for a new trial. The court of Appeal stated that the court had tried the CEO under the assumption that he was aware of the wrong doing in the contamination of food, rather than convicting him of committing wrongful action. In a retrial, the Supreme court reversed the ruling of the Court of Appeals and reinstated Park's conviction stating that awareness of wrong doing was based upon the fact that the food touched a lot of people's lives and based on current scale of modern operations, people are beyond self protection and therefore for the ...

Solution Summary

The solution discusses white collar crimes and the dilemmas of corporate control.

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