Sen. Elizabeth Warren says CEOs should face jail for negligence in scandals
But now the 2020 Democratic presidential candidate is taking her war against corporate fraud to another level. She's suggesting that executives at companies like Wells Fargo should face jail time if they're asleep at the wheel while big scandals happen on their watch.
That act would require executives to certify that they investigated and found that"that no illegal conduct was occurring on their watch," according to Warren.While Warren did not mention any specific companies other than Wells Fargo, her call to crack down on companies responsible for data breaches could affect many big firms in light of a spate of cyberattacks and security lapses in recent years.
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