The Enron Scandal - Unmoderated Message Board

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Non-Tech : The Enron Scandal - Unmoderated

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To: Glenn Petersen who wrote (2920)	2/1/2004 1:41:37 PM
From: Labrador	Read Replies (1) of 3602

>>The American Bar Association and other lawyer groups say the regulation is unnecessary and counterproductive. It would undermine the confidential relationships between executives and their counsel needed to police clients from within, said Dennis Archer, ABA president.<< The question is who is the client? If the company is the client, then the noisy withdrawal makes sense. After all, it is the company who pays the bills and the shareholders own the company, not the execs. If the execs are footing the bill [which we all know is not the case], then i'm not sure that the noisy withdrawal makes sense.

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