Corporate crime inflicts far more damage on society than all street crime combined.Whether in bodies or injuries or dollars lost, corporate crime and violence wins by a landslide.The FBI estimates, for example, that burglary and robbery – street crimes – costs the nation $3.8 billion a year.The losses from a handful of major corporate frauds – Tyco, Adelphia, Worldcom, Enron – swamp the losses from all street robberies and burglaries combined.Health care fraud alone costs Americans $100 billion to $400 billion a year.The savings and loan fraud – which former Attorney General Dick Thornburgh called “the biggest white collar swindle in history” – cost us anywhere from $300 billion to $500 billion.
[L]egitimacy is based on three things. First of all, the people who are asked to obey authority have to fell like they have a voice—that if they speak up, they will be heard. Second, the law has to be predictable. There has to be a reasonable expectation that the rules tomorrow are going to be roughly the same rules today. And third, the authority has to be fair. It can’t treat one group differently from another….[W]hen the law is applied in the absence of legitimacy, it does not produce obedience. It produces the opposite. It leads to backlash.
The New York City Police Department has embarked on a novel approach to deter juvenile robbers, essentially staging interventions and force-feeding outreach in an effort to stem a tide of robberies by dissuading those most likely to commit them.Officers not only make repeated drop-ins at homes and schools, but they also drive up to the teenagers in the streets, shouting out friendly hellos, in front of their friends. The force’s Intelligence Division also deciphers each teenager’s street name and gang affiliation. Detectives compile a binder on each teenager that includes photos from Facebook and arrest photos of the teenager’s associates, not unlike the flow charts generated by law enforcement officials to track organized crime.
If you don’t want poverty in your community, your businesses must pay living wages with decent benefits. And if you don’t want polluted air, water, and land, your businesses must behave in environmentally sustainable ways.
BDCs are similar to venture capital (VC) or private equity (PE) funds since they provide investors with a way to invest in small companies and participate in the sale of those investments. However, VC and PE funds are often closed to all but wealthy investors. BDCs, on the other hand, allow anyone who purchases a share to participate in this market.
Women-owned businesses that have gotten federal government contracts are 23 times more likely to break through that $1 million+ revenue barrier, according to Women and Minority Small Business Contractors: Divergent Paths to Equal Success.
Getting government contracts is hard work. Not only do you have to be certified as a women-owned business, you have to actively pursue networking and partnering if you want to work with big business and government, said Pamela Prince Eason, CEO of Women’s Business Enterprise National Council (WBENC) in an interview with Associated Press.