At Protect Colorado’s Future, we’re committed to supporting measures that will protect our future and opposing policies that will set us back.
• WE SUPPORT the Corporate Fraud initiative that will hold corporate executives accountable for committing fraud.
• WE SUPPORT the Just Cause initiative that stops companies from firing employees without simply giving a reason.
• WE OPPOSE the so-called “Right-to-Work” initiative that would lead to more government interference in our economy.
• WE OPPOSE the Paycheck Deception initiatives.
Read about the issues below. If you have an idea for an issue that Protect Colorado’s Future should focus on, please e-mail us at IdeastoProtectCO@gmail.com
CORPORATE FRAUD
In Colorado, we’ve paid the price for greedy CEOs and companies who break the rules to get ahead. According to the FBI, white-collar fraud costs Colorado taxpayers billions of dollars every year.
But too often, corporate criminals end up walking free, while taxpayers are left holding the bag. While Coloradans continue to pay the price for Qwest’s widely reported troubles, former CEO Joe Nacchio recently escaped jail time on a technicality.
The Colorado Corporate Fraud initiative would hold corporate criminals accountable for the fraud that happens in their companies. This means that accomplices to criminal fraud can’t play dumb any more. This initiative, which is on its way to the ballot in 2008, would make Colorado a leader in the nation in cracking down on corporate crime.
The corporate fraud initiative, proposed by former Qwest employee Lew Ellingson, would make CEOs and company executives criminally liable if they broke the law or stood by as others committed crimes. This means that accomplices to criminal fraud — like Qwest’s — can’t play dumb any more. The initiative would also allow any Colorado resident to sue the executives under such circumstances, with proceeds from successful suits going back to the state.
Polls show that 8 out of 10 Coloradoans agree with the Corporate Fraud initiative. Read news coverage of the initiative in the New York Times or watch a report from Channel 9.
Colorado needs something like this. Glad to see it. What these companies get away with is terrible. I lost my job 5 years ago, because we got a new office manager and she wanted to bring in a friend of hers she worked with before. I did try to fight it, but I just ended up getting black balled.
Quest on the other hand is another story. We had Quest for our PC’s and phone service. Changed to Comcast and they tried to bill us for early termination. We had NO written contract with them. they even turned it over to a collection agency.
Yes, something does need to be done when it comes to these problems. CEO’s are like a run away train.
Glad you are here.
Debbie