Episode 7: Why the world's wealthiest baby shouldn't be a company director
Just Cases
English - September 05, 2018 05:10 - 22 minutes - 15.8 MB - ★★★★★ - 7 ratingsEducation true crime law court courts trials lawyer jury juries stories Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In 1886 a sensational banking scandal hit the headlines in Great Britain. It involved the world's richest man, John Patrick Crichton-Stuart, the 3rd Marquess of Bute, and it led to an absurd decision.
More than a century later, the current Banking Royal Commission in Australia continues to expose stories of banks behaving badly.
But it remains rare for the people at the helm of banks and other major corporations - the company directors - to be held legally responsible for what goes on at their company.
When things go wrong at a company who should cop the blame? And how far has the law come since the case of the Marquess of Bute and the Cardiff Savings Bank?
Music in this episode:
- 'Swoon' by Inaequalis
- '35 'C' by King Imagine
- '2 AM' by Kenney Floreat