Quote:
Originally Posted by artplumber
Apparently, there is a law on the books in NY that allows at least jail time for fraud, if it can be proved that the execs knew it was a sinking ship and took/gave big bonuses anyway. Difficulty will be in proving that to a jury....
Maybe a special taxation of CEO income is in order....  |
Yes, but that's not what was in the original post. Of course, I support enforcing existing laws and especially those on fraud. But just seizing someone's money because you think they earn too much, especially in the absence of proof of fraud? I don't think that's a law here (yet).