Corporate Crime Cases: Takeaways

Professor Rena Steinzor

The professor’s book and C-Span presentation Why Not Jail? underscores several sobering issues that may well inspire some aspiring entrepreneurs.

Since problems in the marketplace spark many business ideas, Why Not Jail?  is a useful overview of an array of industries.

Appalling circumstances rooted in historical economics the philosophy that workers are commodities to be worked into the ground, sometimes literally.

There is no UndeCover Boss TV here

One story that should give every would-be entrepreneur (and consumer) pause is the accelerated brake controversy recounted several minutes into the professor’s C-Span presentation: a car owner spent two years in prison for reportedly causing a motor vehicle accident with fatalities. Then the car
company admitted that a faulty brake mechanism had been the cause of the accident…

In this particular case, the car owner had ineffective counsel: would a lawyer with the right skills and critical thinking ability have overlooked glaring key issues that convicted the client in the first place?

But I digress…

The point is, that when injury, liability, or fatality may be a factor in consumer goods purchased, in-depth h research into the product under consideration and the company’s practices could be considered wise proactive protection against too many instances of mistakes covered up.

References

C-Span
Why Not Jail?
http://www.c-span.org/video/?327342-1/rena-steinzor-jail

CNN
Man Freed after fatal crash
http://www.cnn.com/2010/CRIME/08/09/toyota.prison.release/