Quote:
Originally posted by taxwonk
Even with the SEC sitting behind them, I would imagine many former stockholders of Enron, Worldcom, AIG, Shell, Adelphia, Tyco, and other recent companies in the news would tend to agree that they still ain't worth much as regulators.
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The thing I don't get with Worldcom or Enron or all them is that it seems the wrong people got blamed for the losses. We should expect CEOs to be greedy, we should expect outside accountants and lawyers to bend to greed and let the CEOs wreck the companies, but those companies all had big in house accounting and legal departments- those people had a duty to the shareholders to watch and protect and prevent- anybody know if the inhouse guys are in prison?
