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A Growing Corporate Club: The Founding Felon
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******************************** A Growing Corporate Club: The Founding Felon http://knowledge.wharton.upenn.edu/index.cfm?fa=viewfeature&id=1025 Along with Martha Stewart, some of the biggest names in the current wave of corporate criminal cases are company founders – Kenneth Lay of Enron, Bernie Ebbers of WorldCom, John Rigas of Adelphia Communications, Steve Madden, founder of the shoe company that bears his name, and Sam Waksal of Imclone Systems. While most founders are never even summoned to court, they have a deep connection to their companies, making those firms especially vulnerable if their founders turn out to be felons, according to Wharton faculty and other experts.
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