Adam and Thread, "Corporate crooks belong behind bars, Sun chief says"
By Therese Poletti
Mercury News
Sun Microsystems Chief Executive Scott McNealy says the government should send corporate crooks to jail
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``I'll stand up for mine if they stand up for theirs,'' McNealy said, noting that President Bush, SEC Chairman Harvey Pitt, Attorney General John Ashcroft and Congress should be held accountable for the U.S. budget. The government routinely restates its unemployment numbers, he said.
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McNealy said that when Sun reports its fiscal fourth-quarter earnings next week, the company will make some additional financial disclosures. ``We're going to be very proactive about what we disclose in terms of facts,'' he said.
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McNealy suggested that Congress reform the tax code and the accounting industry streamline its maze of rules and regulations.
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bayarea.com
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Some good quotes in there, his points resonate with the comments in your post about sending criminals to jail, rather than creating even more complex rules and regulations.
Though I do like the requirement making CEO's sign-off their financials. I wonder if the markets will tank further as CEO's across the industry impose more disclosures on their CFO's.
Regards,
Amy J |
