Hostname: page-component-cd9895bd7-dk4vv Total loading time: 0 Render date: 2024-12-22T15:36:09.680Z Has data issue: false hasContentIssue false

“No Bodies to Kick or Souls to Damn”: The Political Origins of Corporate Criminal Liability

Published online by Cambridge University Press:  07 September 2020

Anthony Grasso*
Affiliation:
Department of Political Science, Rutgers University

Abstract

Research on corporate criminal law has grown since the Great Recession, but corporate criminal liability, the principle charging corporations for crimes, remains understudied. Literature points to a 1909 Supreme Court decision as its basis, but historical analysis of the doctrine's deeper political roots reveal that its development was contingent on the convergence of several unique factors driving turn of the century American politics. First, corporate criminal liability would not have emerged had it not been for shifts in jurisprudential theory reconceptualizing the corporate form as an independent entity. Second, middle managers of railroads emerged as powerful political players during this period who capitalized on this discursive shift to advocate for corporate criminal liability as an alternative to individual liability rules directed against them. Third, the Supreme Court upheld corporate criminal lability in 1909 because it was constructed by the era's Republican majority to protect the party's economic preferences, and corporate criminal liability was viewed as consistent with their conservative agenda. These factors were each necessary, but alone insufficient, in paving the way for the Court to validate the principle in 1909. How they fit together sequentially illuminates how the doctrine's construction was contingent on specific political and historical circumstances.

Type
Research Article
Copyright
Copyright © The Author(s), 2020. Published by Cambridge University Press

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Footnotes

The author would like to thank Bill Laufer and the Zicklin Center for Business Ethics Research at the University of Pennsylvania for providing feedback and financial support during the development of this project.

References

1. Emily Stewart, “Elizabeth Warren Wants CEOs to Go to Jail When Their Companies Behave Badly,” Vox, April 3, 2019, https://www.vox.com/policy-and-politics/2019/4/3/18294308/elizabeth-warren-op-ed-wells-fargo-equifax; Tim Hains, “Bernie Sanders: Fossil Fuel Executives Are ‘Liars,’ ‘Criminals,’ ‘Helping to Destroy This Planet,’” RealClear Politics, October 29, 2019, https://www.realclearpolitics.com/video/2019/10/29/bernie_sanders_fossil_fuel_executives_are_liars_criminals_helping_to_destroy_this_planet.html; John Harwood, “Bernie Sanders on Socialism, Taxes, and Why He Thinks Fossil Fuel Executives Are ‘Criminals,’” CNBC, October 29, 2019, https://www.cnbc.com/2019/10/28/bernie-sanders-lets-not-make-people-overly-nervous-about-socialism.html.

2. Sara Sun Beale, “The Development and Evolution of the U.S. Law of Corporate Criminal Liability” (abstract, German Conference on Comparative Corporate Law, Marbury, Germany, 2013), http://ssrn.com/abstract=2375318; Bernard, Thomas J., “The Historical Development of Corporate Criminal Liability,” Criminology 22, no. 1 (1984): 318CrossRefGoogle Scholar; Laufer, William, Corporate Bodies and Guilty Minds: The Failure of Corporate Criminal Liability (Chicago: University of Chicago Press, 2006)CrossRefGoogle Scholar; Weissman, Andrew, Ziegler, Richard, McLoughlin, Luke, and McFadden, Joseph, Reforming Corporate Criminal Liability to Promote Responsible Corporate Behavior (Washington, DC: U.S. Chamber Institute for Legal Reform, 2008)Google Scholar.

3. Skowronek, Stephen, “The Reassociation of Ideas and Purposes,” American Political Science Review 100, no. 3 (2006): 385401CrossRefGoogle Scholar.

4. Chandler, Alfred, The Visible Hand: The Managerial Revolution in American Business (Cambridge, MA: Harvard University Press, 1977)Google Scholar.

5. Bernstein, Marver H., Regulating Business by Independent Commission (Princeton, NJ: Princeton University Press, 1955)CrossRefGoogle Scholar; Schattschneider, E. E., The Semisovereign People: A Realist's View of Democracy in America (Hinsdale, IL: Dryden Press, 1960)Google Scholar; Lindblom, Charles Edward, Politics and Markets: The World's Political Economic Systems (New York: Basic Books, 1977)Google Scholar; Baumgartner, Frank R., Berry, Jeffrey M., Hojanacki, Marie, Kimball, David C., and Leech, Beth L., Lobbying and Policy Change: Who Wins, Who Loses, and Why (Chicago: University of Chicago Press, 2009)CrossRefGoogle Scholar.

6. For literature on regime theory, see Skowronek, Stephen, “Notes on the Presidency in the Political Order,” Studies in American Political Development 1 (1986): 286302CrossRefGoogle Scholar; Skowronek, Stephen, The Politics Presidents Make: Leadership from John Adams to Bill Clinton (Cambridge, MA: Harvard University Press, 1993)Google Scholar; Orren, Karen and Skowronek, Stephen, “Regimes and Regime Building in American Government: A Review of Literature on the 1940s,” Political Science Quarterly 113, no. 4 (1999): 689702CrossRefGoogle Scholar; Polsky, Andrew, “Partisan Regimes in American Politics,” Polity 44, no. 1 (2012): 5180CrossRefGoogle Scholar; regime theory in some ways emerged from, but in important ways is distinct from, the critical election and electoral realignment literature first developed by V. O. Key. See Key, V. O., “A Theory of Critical Elections,” The Journal of Politics 17 (1955): 318CrossRefGoogle Scholar.

7. For key regime theory analyses of the judiciary, see Dahl, Robert, “Decision-Making in a Democracy: The Supreme Court as a National Policymaker,” Journal of Public Law 6 (1957): 279–95Google Scholar; Graber, Mark, “The Nonmajoritarian Difficulty: Legislative Deference to the Judiciary,” Studies in American Political Development 7, no. 35 (1993): 3573CrossRefGoogle Scholar; Gillman, Howard, “How Political Parties Can Use the Courts to Advance Their Agendas: Federal Courts in the United States, 1875–1891,” American Political Science Review 96, no. 3 (2002): 511–24CrossRefGoogle Scholar; Whittington, Keith, The Political Foundations of Judicial Supremacy: The Presidency, and the Supreme Court, and Constitutional Leadership in U.S. History (Princeton, NJ: Princeton University Press, 2007)CrossRefGoogle Scholar.

8. Bensel, Richard, The Political Economy of American Industrialization, 1877–1900 (New York: Cambridge University Press, 2000), 7CrossRefGoogle Scholar.

9. Gillman, “How Political Parties Can Use the Courts,” 518.

10. On the importance of timing and sequence in American political development, see Pierson, Paul, “Not Just What, but When: Timing and Sequence in Political Processes,” Studies in American Political Development 14, no. 1 (2000): 7292CrossRefGoogle Scholar.

11. Odegard, Peter and Helms, Elva Allen, American Politics: A Study in Political Dynamics (New York: Harper & Brothers, 1938), 248Google Scholar.

12. Bernard, “The Historical Development of Corporate Criminal Liability,” 4–6; Nanda, Ved P., “Corporate Criminal Liability in the United States: Is a New Approach Warranted?,” The American Journal of Comparative Law 58 (2010): 606607CrossRefGoogle Scholar; Laufer, Corporate Bodies and Guilty Minds, 9.

13. Bernard, “The Historical Development of Corporate Criminal Liability,” 6–8; Khanna, Vikramaditya S., “Corporate Criminal Liability: What Purpose Does It Serve?,” Harvard Law Review 109, no. 7 (1996): 1481–82CrossRefGoogle Scholar; Nanda, “Corporate Criminal Liability,” 609; Weissman et al., “Reforming Corporate Criminal Liability,” 15.

14. Paul v. Virginia, 75 U.S. 168 (1869); for an analysis of these cases, see Graham, Howard Jay, Everyman's Constitution: Historical Essays on the Fourteenth Amendment, the “Conspiracy Theory,” and American Constitutionalism (Madison: Wisconsin Historical Society Press, 1968), 407, 414, 426–28, 441Google Scholar; for an account questioning the legitimacy of Santa Clara, see Winkler, Adam, We the Corporations: How American Businesses Won Their Civil Rights (New York: Liveright, 2018)Google Scholar.

15. Laufer, Corporate Bodies and Guilty Minds, 9–15.

16. Weissman et al., “Reforming Corporate Criminal Liability,” 4.

17. Khanna, “Corporate Criminal Liability,” 1479–88; Bernard, “The Historical Development of Corporate Criminal Liability,” 3–18; Beale, “The Development and Evolution of the U.S. Law of Corporate Criminal Liability”; Nanda, “Corporate Criminal Liability,” 608–609; Arlen, Jennifer, “The Potentially Perverse Effects of Corporate Criminal Liability,” The Journal of Legal Studies 23, no. 2 (June 1, 1994): 1114–20CrossRefGoogle Scholar; Laufer, Corporate Bodies and Guilty Minds; Bucy, Pamela H., “Corporate Ethos: A Standard for Imposing Corporate Criminal Liability,” Minnesota Law Review 75 (1991-1990): 1114–20Google Scholar; Coffee, John, “Corporate Criminal Liability: An Introduction and Comparative Survey,” in Criminal Responsibility of Legal and Collective Entities, ed. Eser, Albin, Heine, Gunter, and Huber, Barbara (Freiburg im Breisgau, Germany: Lus Crim, 1999)Google Scholar.

18. Coffee, “Corporate Criminal Liability”; Beale, Sara Sun and Safwat, Adam G., “What Developments in Western Europe Tell Us about American Critiques of Corporate Criminal Liability,” Buffalo Criminal Law Review 8, no. 1 (2004): 105CrossRefGoogle Scholar; Bernard, “The Historical Development of Corporate Criminal Liability,” 6–8; Khanna, “Corporate Criminal Liability,” 1481–82; Nanda, “Corporate Criminal Liability,” 609.

19. Fraser, Steve, The Age of Acquiescence: The Life and Death of American Resistance to Organized Wealth (Boston: Little and Brown, 2015)Google Scholar; Trachtenberg, Alan, The Incorporation of America: Culture and Society in the Gilded Age (New York: Hill and Wang, 1982)Google Scholar.

20. Novak, William, The People's Welfare: Law and Regulation in Nineteenth-Century America (Chapel Hill: University of North Carolina Press, 2000), 2–6, 26, 33, 45Google Scholar; for another important and different challenge to the idea that the American state has been liberal since its inception, see Orren, Karen, Belated Feudalism: Labor, the Law, and Liberal Development in the United States (New York: Cambridge University Press, 1991)Google Scholar.

21. Sklar, Martin, The Corporate Reconstruction of American Capitalism, 1890–1916 (New York: Cambridge University Press, 1988)CrossRefGoogle Scholar.

22. Dobbin, Frank, Forging Industrial Policy: The United States, Britain, and France in the Railway Age (Cambridge, MA: Cambridge University Press, 1994), 1819, 25, 158CrossRefGoogle Scholar.

23. Dunlavy, Colleen, Politics and Industrialization: Early Railroads in the United States and Prussia (Princeton, NJ: Princeton University Press, 1994)Google Scholar.

24. Chandler, The Visible Hand, 13–14, 76–89, 121–24, 244–45.

25. Skowronek, Stephen, Building a New American State: The Expansion of National and Administrative Capacities, 1877–1920 (New York: Cambridge University Press, 1982), 2446CrossRefGoogle Scholar.

26. Bensel, The Political Economy of American Industrialization, xix, 12–13, 118–25, 148–49, 163, 225–35, 289–344, 457–516.

27. Berk, Gerald, Alternative Tracks: The Constitution of American Industrial Order, 1865–1917 (Baltimore, MD: Johns Hopkins University Press, 1994)Google Scholar.

28. Gillman, “How Political Parties Can Use the Courts,” 519.

29. Braithwaite, John and Fisse, Brent, “Varieties of Responsibility and Organizational Crime,” Law and Policy 7 (1985): 315–43CrossRefGoogle Scholar; for an excellent and thorough analysis of the key premises of these ontologies, as well as the literature on their development, see Katharine Jackson, “Corporate Autonomy: Law, Constitutional Democracy, and the Rights of Big Business” (PhD diss., Columbia University, 2019), 18–101.

30. Skowronek, “The Reassociation of Ideas and Purposes.”

31. Dewey, John, “The Historic Background of Corporate Legal Personality,” Yale Law Journal 35, no. 6 (1926): 655–73CrossRefGoogle Scholar.

32. David Millon, “Theories of the Corporation,” Duke Law Journal, 1990, 209–11; Hager, Mark, “Bodies Politic: The Progressive History of Organization ‘Real Entity’ Theory,” University of Pittsburgh Law Review 50 (1989): 575654Google Scholar.

33. Angell, Joseph Kinnicut and Ames, Samuel, A Treatise on the Law of Private Corporations Aggregate (Boston: C.C. Little and J. Brown, 1843), 206Google Scholar.

34. Millon, “Theories of the Corporation,” 207–13; Horwitz, Morton, The Transformation of American Law, 1870–1960: The Crisis of Legal Orthodoxy (New York: Oxford University Press, 1992), 195Google Scholar.

35. Morawetz, Victor, A Treatise on the Law of Private Corporations Other Than Charitable (Boston: Little, Brown, 1882), 12Google Scholar.

36. Posner, Richard, “Legal Pragmatism,” Metaphilosophy 35, no. 12 (2004): 150CrossRefGoogle Scholar; Pollman, Elizabeth, “Reconceiving Corporate Personhood,” Utah Law Review 2011, no. 4 (2011): 1629–75Google Scholar.

37. Horwitz, Morton, “Santa Clara Revisited: The Development of Corporate Theory,” West Virginia Law Review 88, no. 2 (1985): 173224Google Scholar.

38. Millon, “Theories of the Corporation,” 203; Blair, Margaret and Pollman, Elizabeth, “The Derivative Nature of Corporate Constitutional Rights,” William and Mary Law Review 56, no. 5 (2015): 1678Google Scholar; Horwitz, The Transformation of American Law, 206.

39. Horwitz, The Transformation of American Law, 101.

40. Ibid., 176.

41. Millon, “Theories of the Corporation,” 203, 243–51.

42. Freund, Ernst, The Legal Nature of Corporations (Chicago: University of Chicago Press, 1897), 10, 4750Google Scholar.

43. Figgis, John Neville, Churches in the Modern State (New York: Longmans, Green, 1914), 40Google Scholar.

44. Davis, John Patterson, Corporations: A Study of the Origin and Development of Great Business Combinations and of Their Relationship to the Authority of the State, vol. 1 (New York: Knickerbocker Press, 1905), 273, 278Google Scholar.

45. Hager, “Bodies Politic.”

46. Ibid., 580; Millon, “Theories of the Corporation,” 241.

47. Horwitz, The Transformation of American Law, 183, 190.

48. For an example of a Progressive challenge to bigness, albeit published decades later, see Brandeis, Louis D., Other People's Money: And How the Bankers Use It (New York: F.A. Stokes, 1914)Google Scholar.

49. Adams, Henry Carter, Relation of the State to Industrial Action (Saratoga, NY: American Economic Association, 1887), 527Google Scholar.

50. Cook, William Wilson, The Corporation Problem: The Public Phases of Corporations, Their Uses, Abuses, Benefits, Dangers, Wealth, and Power, with a Discussion of the Social, Industrial, Economic, and Political Questions to Which They Have Given Rise (New York: G. P. Putnam's sons, 1891), 226Google Scholar; Cook, William Wilson, A Treatise on the Law of Corporations Having a Capital Stock (Boston: Little, Brown, 1913), xlviGoogle Scholar; Halle, Ernst von, Trusts, Or Industrial Combinations and Coalitions in the United States (New York: Macmillan, 1895), 117Google Scholar.

51. Horwitz, The Transformation of American Law, 194.

52. Carnegie, Andrew, “Wealth,” North American Review 340 (June 1889): 653–64Google Scholar.

53. Debates over the inevitability thesis persisted well past the Progressive Era debates traced here. In particular, see Brandeis, Louis, The Curse of Bigness: Miscellaneous Papers of Louis D. Brandeis (New York: Viking Press, 1934)Google Scholar.

54. Sumner, William Graham, The Challenge of Facts: And Other Essays (New Haven, CT: Yale University Press, 1914), 90Google Scholar.

55. Quoted in Hofstadter, Richard, Social Darwinism in American Political Thought (Philadelphia: University of Pennsylvania Press, 1945), 32Google Scholar.

56. Leonard, Thomas C., Illiberal Reformers: Race, Eugenics, and American Economics in the Progressive Era (Princeton, NJ: Princeton University Press, 2016), 96CrossRefGoogle Scholar.

57. U.S. House Committee on Commerce, “Arguments and Statements in Relation to Certain Bills Proposing Congressional Regulation of Interstate Commerce,” 47th Congress, 1st Sess. (1882), 235–36.

58. U.S. Congress, The Congressional Record: Containing the Proceedings and Debates of the Forty-Eighth Congress, Second Session, vol. 16 (Washington, DC: Government Printing Office, 1884), 167.

59. Quoted in Coffee, John, “‘No Soul to Damn: No Body to Kick’: An Unscathed Inquiry into the Problem of Corporate Punishment,” Michigan Law Review 79 (1981): 386CrossRefGoogle Scholar.

60. Quoted in Jonathan Jacob Chausovsky, “The Statutory Foundations of Corporate Capitalism, 1865–1900: States and the Law in the Formation of the American Political Economy” (PhD diss., University of Texas at Austin, 2005), 180.

61. Marchand, Roland, and, “Introduction”Confessions and Rebuttals,” in Creating the Corporate Soul: The Rise of Public Relations and Corporate Imagery in American Big Business (Berkeley: University of California Press, 1998), 147Google Scholar; Fraser, The Age of Acquiescence, 105, 116.

62. “A Corporation with a Soul,” Los Angeles Times, July 4, 1886; “One Corporation with a Soul,” The Washington Post, October 2, 1881; “The Chicago, Burlington & Quincy Railway Company Demonstrates That There Are Corporations That Have a Soul,” Chicago Daily Tribune, February 22, 1882; “A Generous Corporation,” Chicago Daily Tribune, February 14, 1879; “A Corporation That Has a Soul,” Chicago Daily Tribune, August 23, 1878; “A.B. Stickney's Scheme: The Plan of the Minnesota & Northwestern President.,” Chicago Daily Tribune, December 4, 1887; “The Oldest Engineer: Millions of Passengers Carried Millions of Miles without an Accident,” The Washington Post, October 2, 1881.

63. Kolko, Gabriel, Railroads and Regulation, 1877–1916 (Princeton, NJ: Princeton University Press, 1965)CrossRefGoogle Scholar.

64. Carpenter, Daniel and Moss, David, “Introduction,” in Preventing Regulatory Capture: Special Interest Influence and How to Limit It, ed. Carpenter, Daniel and Moss, David (New York: Cambridge University Press, 2014), 122Google Scholar.

65. Laufer, Corporate Bodies and Guilty Minds.

66. U.S. House Committee on Commerce, “Arguments and Statements in Relation to Certain Bills Proposing Congressional Regulation of Interstate Commerce,” 227.

67. U.S. Congress, The Congressional Record: Containing the Proceedings and Debates of the Fiftieth Congress, 2nd Session, vol. 20 (Washington, DC: Government Printing Office, 1888), 2667–69.

68. Ibid., 1475–78.

69. U.S. Interstate Commerce Commission, Interstate Commerce Commission Reports. Volume I: Reports and Decisions of the Interstate Commerce Commission of the United States, April 5th, 1887 to April 5th, 1888 (New York: LK Strouse, 1888), 647, 650, 656.

70. U.S. Interstate Commerce Commission, Annual Report of the Interstate Commerce Commission, vol. 4 (Washington, DC: Government Printing Office, 1890), 8, 66, 337.

71. U.S. Interstate Commerce Commission, Eighth Annual Report of the Interstate Commerce Commission (Washington, DC: Government Printing Office, 1894), 15.

72. Ibid., 16.

73. U.S. Interstate Commerce Commission, Ninth Annual Report of the Interstate Commerce Commission (Washington, DC: Government Printing Office, 1895), 23.

74. U.S. Interstate Commerce Commission, Interstate Commerce Commission Reports. Volume VII: Reports and Decisions of the Interstate Commerce Commission of the United States, September, 1896, to May, 1898 (Rochester, NY: Lawyers Co-Operative, 1898), 66.

75. U.S. Interstate Commerce Commission, Twelfth Annual Report of the Interstate Commerce Commission (Washington, DC: Government Printing Office, 1899), 19.

76. U.S. Interstate Commerce Commission, Sixteenth Annual Report of the Interstate Commerce Commission (Washington, DC: Government Printing Office, 1902), 8–9.

77. Skowronek, Building a New American State, 250–51; Kolko, Railroads and Regulation, 84–101.

78. U.S. Congress, The Congressional Record: Containing the Proceedings and Debates of the Fifty-Seventh Congress, Second Session, vol. 36 (Washington, DC: Government Printing Office, 1902), 2159; other progressives, like Woodrow Wilson, staunchly opposed the idea that corporate entities should be the object of punishment in lieu of individuals. See “Wilson Calls for Control of Trusts,” New York Times, October 1, 1910, 2.

79. U.S. House Interstate and Foreign Commerce Committee, “Regulating Commerce with Foreign Nations, Etc.,” February 12 (Washington: Government Printing Office, 1903), 1.

80. Ibid., 1–3; quoting statement of Martin Knapp, Chairman of the ICC, U.S. House Committee on Interstate and Foreign Commerce, Hearings Before the Committee on Interstate and Foreign Commerce of the House of Representatives on the Bills to Amend the Interstate Commerce Law (Washington, DC: Government Printing Office, 1902), 197–98, 203–4.

81. U.S. House Interstate and Foreign Commerce Committee, “Regulating Commerce with Foreign Nations, Etc.,” 2; U.S. House Committee on Interstate and Foreign Commerce, Hearings on Bills to Amend the Interstate Commerce Law, 197–98.

82. U.S. House Committee on Interstate and Foreign Commerce, Hearings on Bills to Amend the Interstate Commerce Law, 204–205.

83. U.S. House Interstate and Foreign Commerce Committee, “Regulating Commerce with Foreign Nations, Etc.,” 3–4; U.S. House Committee on Interstate and Foreign Commerce, Hearings on Bills to Amend the Interstate Commerce Law, 205.

84. U.S. House Interstate and Foreign Commerce Committee, “Regulating Commerce with Foreign Nations, Etc.,” 6.

85. Keller, Morton, Regulating a New Economy: Public Policy and Economic Change in America, 1900–1933 (Boston: Harvard University Press, 1990), 47Google Scholar.

86. U.S. Interstate Commerce Commission, Seventeenth Annual Report of the Interstate Commerce Commission (Washington, DC: Government Printing Office, 1903), 8.

87. Gillman, “How Political Parties Can Use the Courts,” 518.

88. William Moody recused himself from the case.

89. Bensel, The Political Economy of American Industrialization, 9–10; Gillman, “How Political Parties Can Use the Courts,” 516–17.

90. Reply Brief for the Plaintiff in Error, New York Central and Hudson River Railroad v. U.S. (212 U.S. 481, No. 57, 1909), 2–5, 10, 23.

91. Brief for the US, New York Central and Hudson River Railroad v. U.S. (212 U.S. 481, No. 57, 1909), 14–15, 24–26, 29–32, 38.

92. New York Central and Hudson River Railroad Company v. U.S., 212 U.S. 481 (1909).

93. Samuel Untermeyer, “Completing the Anti-Trust Programme,” Harper's Weekly, June 6, 1914, 4.

94. Bucy, “Corporate Ethos,” 1117; Khanna, “Corporate Criminal Liability.”

95. Classic texts on corporate power have since acknowledged the separation of ownership from control in the corporate person. For example, see Berle, Adolph and Means, Gardiner, The Modern Corporation and Private Property (New York: Macmillan, 1932)Google Scholar.

96. Carpenter, Daniel, The Forging of Bureaucratic Autonomy: Reputations, Networks, and Policy Innovation in Executive Agencies, 1862–1928 (Princeton, NJ: Princeton University Press, 2001)Google Scholar.

97. Kolko, Railroads and Regulation; Bensel, The Political Economy of American Industrialization; Gillman, “How Political Parties Can Use the Courts.”

98. Fraser, The Age of Acquiescence; Postel, Charles, “The American Populist and Anti-Populist Legacy,” in Transformations of Populism in Europe and the Americas: History and Recent Tendencies, ed. Abromeit, John et al. (London and New York: Bloomsbury Academic, 2016), 116–35Google Scholar; McGerr, Michael, A Fierce Discontent: The Rise and Fall of the Progressive Movement in America, 1870–1920 (New York: Oxford University Press, 2005)Google Scholar.

99. Laufer, Corporate Bodies and Guilty Minds, 15–19.

100. Connecticut General Life Insurance Co. v. Johnson, 303 U.S. 77 (1938).

101. Charles Doyle, “Corporate Criminal Liability: An Overview of Federal Law,” R43293 (Washington, DC: Congressional Research Service, October 30, 2013), 13–20.

102. Khanna, Vikramaditya, “Corporate Crime Legislation: A Political Economy Analysis,” Washington University Law Review 82, no. 1 (2004): 95141Google Scholar.

103. Dodge v. Ford Motor Co., 204 Mich 459 (1919).

104. Macey, Jonathan R., “A Close Read of an Excellent Commentary on Dodge v. Ford,” Virginia and Business Law Review 3, no. 1 (2008): 189–90Google Scholar; Deutsch, Jan G., “Corporate Law as the Ideology of Capitalism,” Yale Law Journal 93, no. 2 (1983): 395408CrossRefGoogle Scholar.

105. For how the case in consistent with the American Law Institute's Principles of Corporate Governance: Analysis and Recommendations (American Law Institute, 1994), see Macey, “A Close Read of an Excellent Commentary on Dodge v. Ford,” 178; for how investors deploy the principle to demand profit maximization over all else, see Foroohar, Rana, Makers and Takers: The Rise of Finance and the Fall of American Business (New York: Crown Business, 2016)Google Scholar; recent decisions in Delaware courts, particularly eBay v. Newmark (2010), have reaffirmed the notion articulated in the case. See Wishnick, David, “Corporate Purposes in a Free Enterprise System: A Comment on EBay v. Newmark,” Yale Law Journal 121, no. 8 (2012): 2405–19Google Scholar.

106. Bakan, Joel, The Corporation: The Pathological Pursuit of Profit and Power (London: Constable, 2005)Google Scholar.

107. Yeager, Peter, “The Elusive Deterrence of Corporate Crime,” Criminology & Public Policy 15, no. 2 (2016): 439–51CrossRefGoogle Scholar; Tillman, Robert, Pontell, Henry, and Black, William, Financial Crime and Crises in the Era of False Profits (New York: Oxford University Press, 2017), 119–25Google Scholar on corporate crime as “fun.”

108. Rackhill, Stephen J., “Printzlein's Legacy, the ‘Brooklyn Plan,’ A.K.A. Deferred Prosecution,” Federal Probation 60, no. 2 (1996): 815Google Scholar.

109. Garrett, Brandon L., Too Big to Jail: How Prosecutors Compromise with Corporations (Cambridge, MA: Belknap, 2014), 5–13, 55–70, 85–98, 172–92CrossRefGoogle Scholar.

110. Laufer, Corporate Bodies and Guilty Minds; Khanna, “Corporate Criminal Liability”; Hains, “Bernie Sanders: Fossil Fuel Executives Are ‘Liars’”; Harwood, “Bernie Sanders on Socialism.”