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To: Rob S. who wrote (9073)	2/5/2002 11:12:06 AM
From: Oeconomicus	Read Replies (2) \| Respond to of 11568

The checks and balances they are supposed to supply has weakened. Weakened from what? When? You still seem to be longing for some lost shareholder utopia you imagine. Rob, the fact is that the US has higher legal standards and tighter financial reporting requirements than most, if not all, other industrialized nations. Can it be improved? Sure, but you and many others seem eager to indict all managements and boards of directors based on the misdeeds of thieves at Enron. Frankly, it's emotionally driven bullshit at best and, at worst, it's self-serving sensationalism.

To: Rob S. who wrote (9073)	2/5/2002 12:21:10 PM
From: willcousa	Respond to of 11568

I totally agree. Just like being an informed voter takes work it takes work to assert shareholder's rights. I am certainly for more effort by shareholders and for any measure that expands corporate democracy.

To: Rob S. who wrote (9073)	2/5/2002 12:56:01 PM
From: HH	Read Replies (2) \| Respond to 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