Formally shaming white-collar criminals
The dust has settled, and the 2001-2002 corporate scandals are in the rearview mirror for most executives and managers. There is, however, still an upward trend in white-collar crime, which can negatively affect everything from investor confidence, to stockholder embarrassment, to the degree to which the public views the firm's social responsibility and reputation. We find that formal shaming sanctions are slowly being added to the traditional punishment options of fines and incarceration for convicted white-collar offenders. Sentencing judges, courts, legislatures, convicted criminals, and the public have little understanding of the deterrence impact, if any, of shaming sanctions. This article attempts to clarify what shaming sanctions are, why white-collar personnel should become more familiar with the array of shaming punishments being utilized, and how shaming sanctions are being used to deal with white-collar offenders.
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- Clement, Ronald W., 2006. "Just how unethical is American business?," Business Horizons, Elsevier, vol. 49(4), pages 313-327.
- John Henderson & John Palmer, 2002. "Does More Deterrence Require More Punishment? [or Should the Punishment Fit the Crime?]," European Journal of Law and Economics, Springer, vol. 13(2), pages 143-156, March.
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- Kahan, Dan M & Posner, Eric A, 1999. "Shaming White-Collar Criminals: A Proposal for Reform of the Federal Sentencing Guidelines," Journal of Law and Economics, University of Chicago Press, vol. 42(1), pages 365-91, April.
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