Regulatory Watchdogs

Center for Regulatory Effectiveness

Greenpeace International
Public Citizen
Sierra Club

Center for Auto Safety
Center for Science in the Public Interest
Clean Air Trust
Corporate Library
Environmental Defense
Environmental Media Services
FM Watch
Friends of the Earth
PR Watch
U.S. Public Interest Research Groups


In Jail No Bail
The watchdog world has a new and somewhat surprising hero, the Italian government. When Paramalat, a large Italian food products corporation, collapsed as a result of massive fraud, the response of the Italian government was to throw the company founder into jail, where he remains, along with other top officials, his lawyer and two of company's outside auditors.

Although the decisive response by the Italian government may seem harsh by American standards were corporate crooks go unpunished for extended periods while the legal process grinds on, it is also refreshing. Winston was particularly pleased that the quick arrests included the outside auditors, who apparently assisted perpetuating the fraud, as well as senior legal and financial officials. Although Winston respects the importance of due process, he suggests that American authorities may want to consider the Italian model when addressing this country's mutual funds scandals.
  • Click here to read article.
    CRE Homepage