Sent: 4/30/2009 4:25:54 P.M. Central Daylight Time
Subj: Public Justice and business ethics
Dear Mr. Gerson,
I am writing this email to you in your capacity as President of Public Justice Foundation.
I contend that corporate wrongdoing is conceived, designed and implemented by individual corporate officers, employees, agents, and others, and that ethical business conduct is fostered by holding those individuals accountable. I further contend that the country's civil liability system undermines business ethics because it distracts attention and diverts economic resources away from establishing clear guidelines governing actions on behalf of a corporation and holding officers, employees and others individually accountable under those guidelines. My contentions are set forth at length in this article: Does the Law Undermine Business Ethics?
Would you care to comment on my above contentions about corporate wrongdoing and the civil liability system undermining business ethics and whether, as a result, there may be a failure of deterrence in lessening harm and damages to consumers and other victims (which deterrence I would think is important in the mission of Public Justice)?