The cover story in this week's The Economist on the criminalization of corporate conduct. Displayed here are some of the data on corporate prosecutions that I present in "Too Big to Jail" - my book forthcoming in October. You can also see here for the first time estimates for corporate penalties in 2014 (the Credit Suisse and BNP Paribas cases, when finalized, will be record-breakers).
I appreciated this excerpt that The Economist quoted from my book:
“The big story of the 21st century is not corporate fines or corporate convictions, but prosecutors changing the ways that corporations are managed,” writes Mr Garrett in a forthcoming book, “Too Big to Jail: How Prosecutors Compromise with Corporations”. “This represents an ambitious new approach to governance—in which federal prosecutors help to reshape the policies and culture of entire institutions—much as federal judges oversaw school desegregation and prison reform in the heyday of the Civil Rights Era in the 1960s and 1970s.”