Earlier quoted context omitted.
You're forgetting the direct example: https://en.wikipedia.org/wiki/Joseph_Nacchio He was convicted of 19 counts of insider trading in Qwest stock on April 19, 2007 – charges he and many others claim are U.S. government retaliation for his refusal to give customer data to the National Security Agency in February, 2001. Given the iffiness of such charges when it's your own company's stock, we have to at least entertai…
Yeah; I remember that one too. The Smisek one was just more recent, and Smisek was also a much more visible CEO than Nacchio given United's place in the airline industry. From what I can tell, the Smisek issue may have genuinely involved some wrongdoing, but Smisek may only be involved because the ultimate target is Chris Christie. But he was a titan of his industry, and when he left there was no retirement party or…
That's the thesis of Three Felonies A Day: How the Feds Target the Innocent (http://www.amazon.com/Three-Felonies-Day-Target-Innocent/dp/...), that:
The average professional in this country wakes up in the morning, goes to work, comes home, eats dinner, and then goes to sleep, unaware that he or she has likely committed several federal crimes that day. Why? The answer lies in the very nature of modern federal criminal laws, which have exploded in number but also become impossibly broad and vague....
He'll have a lot more examples, I'm sure.
So we can't hold the companies who complied with them entirely responsible, as those companies are made up of individuals who have families to think of.
Especially since the Feds have no compunctions against going after your family if they can't pin something on you. E.g. junk bond figure Michael Millikan, who's real crime was creating a market for poorly managed companies.