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Document Type

Article

Abstract

In an indictment of a system which permits corporations - literally - to get away with what would be deemed criminal in a non-corporate setting, Professor Glasbeek examines a number of theories that apologize for and purportedly explain this phenomenon. He presents a compelling argument that corporate decision makers and controlling shareholders are exempted from culpability because they are members of or closely associated with the ruling class. His conclusion includes a rationale for changing the manner in which corporate wrongdoers are perceived (by regulators, legislators, the judiciary and society) so that sanctions will attach to criminals regardless of class.

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