In a wide-ranging interview with CNBC's John Harwood, Bernie Sanders ripped CEOs of Wall Street banks, as well as those of energy and pharmaceutical companies.
Sanders, who describes himself as a democratic socialist, has said he wants to use the Sherman Antitrust Act, a federal statute that outlaws monopolistic business behavior, to prosecute CEOs who lead allegedly anti-competitive companies.
"It does happen, but the purpose of the Sherman Act is not to send CEOs to jail," said Will Lavery, a partner in the antitrust and competition practice of law firm Baker Botts.and Sotheby's auction house have been sentenced for their roles in price-fixing schemes. The former CEO of Bumble Bee Tuna is expected to go to trial in November for his alleged role in a price-fixing scheme with Chicken of the Sea and StarKist. He has pleaded not guilty.
Dennis Muilenburg, chief executive officer of Boeing Co., listens during a Senate Commerce, Science and Transportation Committee hearing in Washington, D.C., U.S., on Tuesday, Oct. 29, 2019.Muilenburg is already feeling the heat in other ways. He was stripped of his chairman role as Boeing struggles to contain damage from the 737 Max crisis. On Tuesday, heover his leadership in the context of the crashes – admitting that his company made mistakes.
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