Absolutely it undermines consumer confidence. Why? Because it happens all too
often.And when it does, what happens?The corporation gets a
big fine. And the stockholders take the hit. No one is personally punished.
And NO ONE goes to jail."But with evidence that the car maker
knew about the ignition problem for at least a decade and suppressed damning
documents"Sorry, but the CAR MAKER didn't know. GM
didn't know. PEOPLE at the "car maker" knew.Until
these people get personally prosecuted when they KNOW and HIDE "damning
documents" nothing will change.My solution? When you KNOW, tell
your boss and document it. Then your boss can either take the risk of
prosecution, or tell his/her boss. Let the highest level employee that knew
and did nothing, go to jail.I can assure you, THAT would bring back
consumer confidence. And it would place the punishment where it belongs.If corporations are people, let people go to jail for their misdeeds.
I loved my 53, 55 57 and 70 Chevy's, The computer age in cars I thought
would get great gas mileage. I can't see it. I dreamed of horse power with
mileage. If I want horse power and stile I'll stay with the classics. I
lost interest in Chevy when Body by Fisher was gone.
This is what happens when the government bails out a car company. They simply
don't have to be competitive anymore because taxpayers will pick up the
slack. Mitt Romney, who was against the bailout of GM was right, again!
Since corporations are people then when will GM be indicted for the murder of
those 13 people?
How do you punish a corporation. A corporation cannot be "jailed".
Punishment must come in the form of fines. The government took GM from its
stockholders. If "people" need to go to jail, which government official
is ultimately responsible? I'm not trying to excuse illegal or
unethical behavior by anyone, but fining a corporation is how that corporation
is punished. GM needs to pay a fine. It needs to pay a fine for
its "cover up" and it needs to pay a greater fine to compensate the
families of those who were harmed or killed by defects in a GM product. Those who participated in the "cover up" need to be exposed.
Criminal activity needs to be investigated. People need to pay for any crime
committed. That very well may include prison time; but, GM needs to pay a hefty
fine. A very hefty fine.
Mike,If corporations are people, who is hurt when the company gets
fined?I contend that it is only the stockholders."Criminal activity needs to be investigated."I completely
agree. I am giving odds that not one person in GM will be
criminally prosecuted. Any takers?
This wouldn't have happened if it wasn't for the evil union. I am
sure that they did something to cause this and then cover it up.
General Motors is now Government Motors. How will Barry deal with the bad press
his company is getting?
Joe,I agree with you. If GM is fined, the OWNERS (stockholders) are
hurt. It is their company. They prosper or lose money when the company that
they own prospers or runs a deficit. Who should pay that fine? The
employees? The management? The government?If someone fell off the
chair that you provide for them at your desk in your office, should YOU be
liable? Should your company? Should the person who fell? Unless you somehow
sabotaged that chair, should you have any liability?Faulty parts
were installed in GM vehicles. Apparently GM discovered that the parts were
faulty. They tried to cover things up by assigning properly build replacement
parts (that should have had a different part number), the same part number as
the faulty parts. That decision showed contempt for normal business practices.
If the reports are correct, GM did nothing to stop that practice. GM is liable
for damages. Those who participated in that "scam" should be
prosecuted. They should receive the appropriate penalty, but GM owes the
families of those who were injured or killed.