Apr 3, 2019

Elizabeth Warren: CEOs should "face jail time for overseeing massive scams"

Photo: Chip Somodevilla/Getty Images

In a Washington Post op-ed on Wednesday, 2020 presidential candidate Sen. Elizabeth Warren (D-Mass.) proposed a law that "expands criminal liability to any corporate executive who negligently oversees a giant company causing severe harm to U.S. families," citing her previous campaigns against former Wells Fargo CEO John Stumpf and his predecessor Tim Sloan.

The big picture: Warren's trustbusting campaign is following a playbook she laid out in 2016. After placing targets on Big Agriculture and Big Tech, the 2020 candidate is going after banking — with health care, telecom and big retail potentially on the list.

Details: In her op-ed, Warren said her proposal would specifically apply to negligent CEOs of any company with "more than $1 billion in annual revenue." This falls in line with her proposed wealth tax, which would take an annual 2% tax on assets above a taxpayer's first $50 million, and 3% on assets that exceed $1 billion.

Go deeper:

Go deeper

Updated 11 mins ago - Politics & Policy

Tanker truck plows into Minneapolis protesters

Authorities closed major roads at 5 p.m. local time in Minneapolis for the march. Photo: Chandan Khanna/AFP via Getty Images

Minnesota authorities said in a statement they're investigating as a criminal matter what happened with a truck that "drove into demonstrators" on a Minneapolis bridge Sunday evening while the eight-lane road was closed for a protest.

What they're saying: Minnesota Department of Public Safety tweeted, "Very disturbing actions by a truck driver on I-35W, inciting a crowd of peaceful demonstrators. The truck driver was injured & taken to a hospital with non-life threatening injuries. He is under arrest. It doesn’t appear any protesters were hit by the truck."

Updated 29 mins ago - Politics & Policy

U.S. enters 6th day of nationwide protests over George Floyd's killing

A protest in Philadelphia on May 31. Photo: Mark Makela/Getty Images

Local news footage captured a tanker truck appearing to drive toward protesters at a peaceful demonstration in Minneapolis, forcing demonstrators to quickly get out of the way of the incoming vehicle on Sunday evening.

The big picture: Protests have continued across the country for six days, as demonstrators call for justice in response to the deaths of George Floyd and other other black Americans who have died in police custody or who have been killed in racist attacks.

Inside Trump's antifa tweet

President Trump at Cape Canaveral on May 30. Photo: Paul Hennessy/SOPA Images/LightRocket via Getty Images

As recently as Saturday night, senior administration officials told me that the designation of a violent cohort of far-left activists, antifa, as a terrorist organization was not being seriously discussed at the White House. But that was Saturday.

Behind the scenes: The situation changed dramatically a few hours later, after prominent conservative allies of the president, such as his friend media commentator Dan Bongino, publicly urged a tough response against people associated with antifa (short for "anti-fascist").