Do Corporate Fines and Punitive Damage Awards Serve Their Purpose?
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Corporate Fines,
Punitive Damages,
Pfizer Settlement,
Shareholders,
Ceos,
New York Times,
Corporate Boards,
Federal Judge,
Cfos,
Deterrence,
Business News
Pfizer agreed to pay $2.3 billion to settle fraud claims regarding its marketing practices -- the largest criminal fine of any kind ever. But it's the shareholders, and not the corporate officers, who will be punished.
Judge H. Lee Sarokin | Posted 10.19.2009 | Business