Punishing Wells Fargo: Just Deserts, or Beating a Dead Horse?
James B. Stewart
The bank deserved to pay for its reprehensible transgressions. But our columnist asks whether further punishment may just be hurting the shareholders.
Carl T. Bergstrom
Anyone see a slight moral hazard problem here? h/t
Won't someone think of the shareholders?
Is it just be or does this argument - that the owners of a corporation should be financially protected from consequences of the corporation's illegal behavior - seem totally nuts?