Even though General Motors has acknowledged that more than 100 people died because the carmaker failed to fix defective ignition switches, the recent $900 million settlement with federal prosecutors means that not a single person at GM will see a day behind bars. A newly introduced piece of legislation hopes to hold corporate officers accountable when they conceal information about potentially deadly products. [More]
GM has spent the year in trouble: their massive recall has come with a slew of investigations, fines, congressional hearings, and lawsuits. But the company has been able to claim incompetence and avoid other potential penalties. Now, two U.S. senators are introducing a bill that will make it much more difficult for the top brass at companies that don’t report lethal errors to plead stupid in the future.