Description: Princess Cruise Lines has agreed to plead guilty to seven felony charges and pay a $40 million penalty for polluting the ocean with waste and then trying to cover it up. Federal prosecutors said the payment represents the largest-ever criminal penalty involving deliberate pollution by a ship at sea.
Source: Fortune.com – video report
Date: Dec 01, 2016
Questions for Discussions:
- How should shareholders and management deal with this situation?
- Do you think a reward system for whistleblowers would stop these sorts of practices?