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In Citigroup's Article Punish The Executives, Not Just The Banks

499 Words2 Pages
When a Wall Street bank fails, the company usually takes the blame¬—not the individual. In the article, “Punish the Executives, Not Just the Banks,” published by The New Yorker in July 2014, James Surowiecki argues that bank traders and executives should be punished, not the banks. His article examines Citigroup’s case to position his belief for what should be rightfully done to a bank and the executives after executing a corrupt deal. This paper will discuss why it is important to punish individuals for their own actions rather than only blaming the banks. Punishing banks is ineffective, because the executives, who carry out the bad corporate acts, are not penalized. The executives hide behind their company’s name while the shareholders are
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