Would a CEO of a public company keep his job after being indicted on charges of .......
bribery, racketeering and money-laundering like Rep. William Jefferson?
Answers:
No and Duke Cunningham is in Jail right now for that very thing. What's good for one is good for the other.
Unless he is fired, yes he would keep his job.
Aside from the obvious political debate you are asking, an Indictment does NOT mean the person so indicted is guilty.
So, while the person may lose their job, it is an internal matter not one of law.
Almost never, because the board of directors would fire him. But Jefferson is a Constitutionally elected official. His "board of directors," are the voters of his district and they haven't fired him. The House of Representatives can exclude him however, in which case most states provide for a means of replacement. The Houses of Congress as a mater of internal policy don't remove anyone until s/he is convicted.
Not necessarily if the company had policies in place regarding alleged criminal activity. The CEO might be suspended with pay, but not able to perform his or her duties until the case was resolved.
I believe everyone in the United States when charged with a crime is entitled to due process. That said, when the seriousness of the charges warrants that someone temporarily cease performing their duties, they should continue to be compensated until proven guilty.
That said, I think publicly traded companies should be held to a higher standard than simple corporations, partnerships and the government.
I once had a boss who had me fire one of my reporters simply because she lived in a house where a roommate was "caught" with a dead marijuana plant. They all were charged with "manufacturing."
On one site, I read that government employees can be fired on the spot for simply being charged with a crime -- even if it is not related to their jobs.
In the meantime, men and women charged with defrauding investors with millions, if not billions, of dollars continue to go to work everyday and collect their outrageous salaries.
Where is the justice?
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