Although Toyota and GM may be among the most extreme cases since 1970s Ford Pintos exploded from gas tank collisions, this compromise of values occurs every day in corporate America.
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In my humble opinion, corporate fines for criminal conduct are a farce. Shareholders who are not guilty of the wrongdoing and many of whom did not even own the company's stock at the time of the criminal activity, in effect, pay the fine.
March 19 (Reuters) - Toyota Motor Corp will pay $1.2 billion to resolve a criminal probe into its handling of consumer complaints over safety issues, ...
* Fine highest ever for delay in reporting a recall * Fine related to June recall of Lexus vehicles * Toyota agrees to s...
If LaHood were serious about fining Toyota, then he would've put a bite into the fine. But $16.4 million is the equivalent of brushing away a gnat in the humidity of an August morning.
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