Elizabeth Warren proposes bill to make it easier to jail executives for company abuses via YahooFinance
Sen. Elizabeth Warren has announced new legislation that would make it easier to put executives behind bars for their company’s bad actions.
According to a summary of the bill, executives could face up to a year behind bars for the first offense and up to three years in jail for a second violation.The bill’s summary said two CEOs of Wells Fargo “walked away to plush retirements after the bank opened 3.5 million fake accounts, wrongly foreclosed on hundreds of homeowners, and illegally repossessed thousands of cars. The CEO of Equifax also retired after allowing criminals to steal the Social Security numbers of 145 million Americans.
It’s been 10 years since the financial crash cost millions of people their homes, jobs, and savings. But not one big bank CEO has gone to jail. It’s time to reform our laws to make sure that corporate executives face jail time for overseeing massive scams. https://t.co/r1KzgaX0Sr
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Elizabeth Warren says CEOs should face jail for negligence in scandalsSenator Elizabeth Warren has been a vocal critic of scandal-ridden bank Wells Fargo. And her blistering attacks arguably contributed to the ousters of CEO John Stumpf and his successor, Tim Sloan.
Lire la suite »
Sen. Elizabeth Warren says Joe Biden should address inappropriate touching allegationBiden was accused of delivering unwanted kisses and touching of a woman from behind while he was vice president in 2014.
Lire la suite »
Sen. Elizabeth Warren on Trump's cruel agendaSen. Warren discusses her support of national right-to-repair policy, for example with farm equipment, with chrislhayes. “So right to repair just basically says ‘hey guys’ you got to make the information and the parts available.' More: MSNBConPolicy
Lire la suite »
Elizabeth Warren's finance director leaving campaignMichael Pratt, finance director for Sen. Elizabeth Warren, is leaving her presidential campaign
Lire la suite »
Another Wells Fargo CEO steps down; 'about damn time,' longtime critic Elizabeth Warren saysScandal-plagued Wells Fargo agreed to pay $575 million to settle claims by regulators in all 50 states over the millions of fake accounts it created.
Lire la suite »
Warren advocates jailing of CEOs for company wrongdoing | Democrats pushing bills for 2020 messagingSen. Elizabeth Warren is set to roll out a bill that would expand criminal liability to any exec who negligently oversees a giant company causing severe harm...
Lire la suite »
Elizabeth Warren wants to make it easier to jail executives for company abusesWarren's bill, called the Corporate Executive Accountability Act, is in part a response to consumer abuses at companies such as Wells Fargo and Equifax.
Lire la suite »
Elizabeth Warren says Joe Biden 'needs to answer' for inappropriate touching allegationsWarren became the first 2020 candidate to address the allegations made against Biden by Lucy Flores.
Lire la suite »