Answer:
Yes, since the president authorized the crime.
Step-by-step explanation:
The corporation is liable based on VICARIOUS LIABILITY, where by employee acted within the scope of his or her employment or in a situation where the intention of the employee is to benefit the corporation.
In other words, the corporation is liable based on the law of agency which makes the employer liable for the act of his or her employee and the master liable for the act of its servant.
Hence, the corporation is liable because the president authorized the crime.