Skip to content

Companies do not commit crimes; only their agents do. And…

“Companies do not commit crimes; only their agents do. And while a company might get the benefit of some such crimes, prosecuting the company would inevitably punish, directly or indirectly, the many employees and shareholders who were totally innocent.” quote by Jed S. Rakoff
Download Open image
“Companies do not commit crimes; only their agents do. And while a company might get the benefit of some such crimes, prosecuting the company would inevitably punish, directly or indirectly, the many employees and shareholders who were totally innocent.”

Jed S. Rakoff

About This Quote

This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.

Corporate liability is often limited to individuals, shielding the entity itself from criminal punishment, which can unfairly affect innocent stakeholders.

In simple terms: Companies are blamed, not their people.

Key Takeaway

Consider holding individuals accountable instead of the whole firm.

Themes

law ethics corporate responsibility justice

Mood

critical analytical

Type

legal ethical

When to use this quote

  • shareholder meetings
  • compliance training
  • risk assessment
  • legal reform

Key Concepts

vicarious liability punishment shareholder rights

Questions to Reflect On

  • Should the law target decision‑makers rather than the corporate shell?
  • How can victims be compensated without harming the innocent?
A Different Perspective

Punishing a corporation can harm innocent employees and investors.

★ ★ ★ ★ ★ No ratings yet

More by Jed S. Rakoff

Explore all 23 Jed S. Rakoff quotes

More Agents quotes

Browse all 1,567 Agents quotes