It's not too far from fact to make the claim that the real crime section of the daily newspaper is the business section.
GlaxoSmithKline is fined $3 billion for illegally persuading psychiatrists to prescribe drugs to children.
Barclays bank was fined £290 million for manipulating the price of crucial interest rates that affect the cost of borrowing for millions of customers around the world.
BP faces $52 billion for their Gulf oil spill.
Let me suggest that given the widespread and pervasive criminality of today's larger corporations that fines are not enough. All that fines do is punish shareholders, not the perpetrators of the crimes.
To prevent corporate crime, prison sentences for board members, CEOs, and senior management should be mandatory in the case of any corporation found guilty of any criminality. The minimum sentence in all cases should be 2 years.
Until those who run companies personally pay a price for their company's crimes, crime will simply be a good business strategy. The only way to punish very wealthy people is to take time away from their lives, and that means prison.
I suggest that if corporate leaders always faced prison for nefarious behavior, crime would be deterred. I say this because we know fines are not a deterrent.