Center on Corporate Governance
Center for Contract and Economic Organization
I cannot disagree with much of what Mr. Crane has said in his very articulate presentation. One must be careful about trying to prove too much. I have not argued against individual criminal liability, but I do not believe we can rely on it exclusively. Let me therefore confine my reply to this question and to Mr. Crane's criticisms of my equity fine proposal.
John C. Coffee Jr.,
Rebuttal: The Individual or The Firm? Focusing The Threat of Criminal Liability,
N. Ill. U. L. Rev.
Available at: https://scholarship.law.columbia.edu/faculty_scholarship/614