After the global financial crisis of 2008 with all the repercussions to our economy and harm to individual lives, not a single high level corporate executive went to prison. Some claimed it was rank politics protecting them, but was there more to the story?
John C. Coffee, Jr., whose book, CORPORATE CRIME AND PUNISHMENT: THE CRISIS OF UNDERENFORCEMENT, was published in 2020 by Barrett-Koehler, is Columbia University Adolf A. Berle Professor of Law. Although he has been a law professor at Columbia University since 1980, this book is written for the lay audience.
Professor Coffee has won many awards for his writing, his work in corporate governance, and exploring the interests of activist investors. He has served on the Legal Advisory Committee of the New York Stock Exchange, as well as the Legal Advisory Board that oversaw Nasdaq. He is a recognized expert on both the Securities and Exchange Commission (SEC) and the Delaware Court of Chancery, the forum in which the vast majority of American commercial disputes are heard.