Document Type

Article

Publication Date

1980

Center/Program

Center on Corporate Governance

Center/Program

Center for Contract and Economic Organization

Abstract

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.

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