DLM
06-27-2006, 10:38 AM
This is an article from 2002 but still provides some good info:
Full article:Frontenac (http://www.canadianbusiness.com/article.jsp?content=47820)
CHARLES FINLAY
From the August 2002 issue of Canadian Business magazine
You read it here first: prison-jumpsuit orange is the new black. And forget yachting and golf--today's hot new executive pastime is the perp walk. Witness Adelphia's former CEO John Rigas, who recently paraded before the cameras in handcuffs, along with two of his sons. Ditto for Scott Sullivan, WorldCom's disgraced former chief financial officer.
In Canada, we have less opportunity to slake our thirst for corporate justice: no RCMP takedowns on Bay Street, alas. But that may change--if Canadian regulators couple their fiery rhetoric with tough action and long prison sentences. Senior executives who cook the books, or directors who help them, could end up doing time--at prisons like the Frontenac Institution, a federal minimum-security facility situated on the outskirts of Kingston, Ont.
Full article:Frontenac (http://www.canadianbusiness.com/article.jsp?content=47820)
CHARLES FINLAY
From the August 2002 issue of Canadian Business magazine
You read it here first: prison-jumpsuit orange is the new black. And forget yachting and golf--today's hot new executive pastime is the perp walk. Witness Adelphia's former CEO John Rigas, who recently paraded before the cameras in handcuffs, along with two of his sons. Ditto for Scott Sullivan, WorldCom's disgraced former chief financial officer.
In Canada, we have less opportunity to slake our thirst for corporate justice: no RCMP takedowns on Bay Street, alas. But that may change--if Canadian regulators couple their fiery rhetoric with tough action and long prison sentences. Senior executives who cook the books, or directors who help them, could end up doing time--at prisons like the Frontenac Institution, a federal minimum-security facility situated on the outskirts of Kingston, Ont.