Colorado Activists Launch Ballot Campaign to Prevent Corporate Fraud, Protect Jobs
14th May 2008
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Loading ...Colorado working families yesterday hit the streets, gathering the first of the 76,000 signatures needed to put what The New York Times calls the "nation's toughest corporate fraud law" on the November ballot.
Union, community, environmental and other activist members of the Protect Colorado's Future coalition also began collecting signatures to qualify for a spot on the ballot, a measure to protect workers from being fired for no reason.
The corporate fraud measure would make CEOs and top execs personally liable if they commit fraud or condone it by not reporting it. It establishes both civil penalties and criminal—i.e., jail time.