The Halliburton Plea Bargain: Why We Have To Start Sending Corporate Executives To Jail

"BAD company! BAD! Now go feel sorry while you count your money."

“BAD company! BAD! Now go feel sorry while you count your money.”

The news media and pundits were too entranced by Anthony Weiner’s package, the royal baby, whatever it was, and President Obama’s  third or fourth promise to make the economy his primary focus every waking hour between fundraisers and expensive junkets to notice that the old villain of the Left, Halliburton, once again got away with corporate villainy of the worst kind. You see, Halliburton executives engaged in ethics accounting, essentially balancing the possible penalties that might arise from illegal and unethical conduct against the benefits, and decided, sure, let’s destroy evidence that shows that Halliburton had more to do with the deadly and ecologically devastating Deepwater Horizon explosion that created the Gulf oil spill than regulators and the courts currently know.

The company’s crime—remember, Scooter Libby was sent to jail for obstructing justice regarding the investigation of a crime that didn’t exist—was discovered, so it made a sweet deal with the Justice Department: it agreed to pay the maximum allowable fine of $200,000 ( perspective: this would be considered a joke of a fine for steroid use by a major league baseball star) and will be subject to a three year probation; the company continue its cooperation with the government’s criminal investigation (which is its duty anyway), and to really show its contrition and yummy goodness, Halliburton made a voluntary contribution of $55 million to the National Fish and Wildlife Foundation to clean off those oil-covered sea birds and otters, and that kind of thing.

Awwwwwww…

Disgraceful and outrageous. Continue reading