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Corporate Bodies and Guilty MindsThe Failure of Corporate Criminal Liability$
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William S. Laufer

Print publication date: 2006

Print ISBN-13: 9780226470405

Published to Chicago Scholarship Online: March 2013

DOI: 10.7208/chicago/9780226470429.001.0001

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Making and Unmaking the Pessimist's Account

Making and Unmaking the Pessimist's Account

Chapter:
(p.183) Chapter Seven Making and Unmaking the Pessimist's Account
Source:
Corporate Bodies and Guilty Minds
Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226470429.003.0007

This chapter briefly details why the skeptic's and pessimist's account of recent reforms is, unfortunately, most plausible. Compliance and law abidance under the banner of business ethics are all too often illusory. Media reports of indicted white-collar criminals and white-shoe corporations are scripted morality plays with distinctly good and bad guys, images of corporate souls that are canned, superficial, or simply incredible. They are offered with all the best of intentions, with all the right moral rhetoric, by well-intended and well-informed champions of corporate citizenship. One is left asking: Who dares oppose ethical business practices and governance reforms necessary to ensure fair markets? Who opposes markets that are perceived to be legitimate?

Keywords:   business ethics, compliance, white-collar crimes, corporate citizenship, business practices, governance

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