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Technology Stocks : WCOM
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To: Rob S. who wrote (9073)2/5/2002 12:56:01 PM
From: HH  Read Replies (2) of 11568
 
You are exactly right. There has been a weakening
of the checks and balances within some of our biggest
Corporate giants. A great read on this phenom is
"Barbarians at the Gate" Anyone who has read this book
got a great glimpse at the problem. I think the
real weakening (and maybe the final failure)has occurred as it appears that these
powerful CEO's were able to lure so-called third party
accountants into the cash orgy (cash generated from
operations or debt) thru hefty fees and such.

HH
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