Prosecution of GM May Let Corporate Bosses Off the Hook
June 1st, 2015Too big to jail?
Via: Yahoo:
Should anybody go to jail?
This is undoubtedly one of the thorny questions federal prosecutors are grappling with as they craft a criminal case against General Motors (GM) in response to the recalls that dominated headlines last year. The New York Times reported recently that the Justice Department has “identified criminal wrongdoing” in a vast safety scandal involving defective ignition switches on 2.6 million vehicles from model years 2003 through 2011. The defect, which led some of the affected cars to power off while moving, is linked with 107 deaths so far, according to GM. In some crashes, airbags failed to deploy because the ignition switch effectively turned them off. Criminal charges or a settlement with GM could come this summer, with fines likely to top the $1.2 billion Toyota (TM) paid for safety infractions last year. That’s on top of more than $4 billion the problem has already cost GM.
