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To: VFD who wrote (11211)7/8/2002 8:20:37 PM
From: Jaknik2  Read Replies (1) | Respond to of 11568
 
VFD:

Jail time for crooked company officers does nothing to remunerate the common stockholders who end up being zeroed out.

In cases such as Enron, Global Crossing and now WorldCom, where it can be proven that poor accounting practices, intentional deceit and release of bad information misleads investors, ANY subsequent settlements should include making some restitution to the shareholders. If faced with jail time and the fact you can't ace out the shareholders, that should incentivize accountants, auditors, CEO's, CFO's et al, to rethink their current modus opporendi.

Jak



To: VFD who wrote (11211)7/8/2002 11:17:03 PM
From: Charles Tutt  Respond to of 11568
 
More likely they took their cue from the Republican Congress when it overrode Clinton's veto of legislation that slackened regulation.

JMHO.

Charles Tutt (SM)



To: VFD who wrote (11211)7/9/2002 10:04:18 AM
From: JDN  Read Replies (1) | Respond to of 11568
 
Well, that Sullivan is building a 10+million $ house right in my city. Hope someone burns it down UNINSURED. jdn


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