Word: enronitis
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Roberts' race is emblematic of a basic struggle this fall over the terms of debate. Is the fall election going to be about Saddam Hussein or Social Security, Iraq or Enron? Will it be about Democratic issues like the sluggish economy, corporate governance and prescription drugs? Or will it be about President Bush's leadership, the war on terror, and Iraq? The party that defines the election will probably win the election...
Some corporate executives can't be relied on to look after the interests of workers or shareholders, as the scandals, from Enron to Tyco to WorldCom, have made clear. But you can trust the top dogs to look after their own pocketbooks. So when groups of execs spend their cash on shares of the companies they run, it's a reliable sign that they expect good things down the road--and it may be time for you to tag along...
...market manipulation. A Good Man Is Hard To Find The U.S. accounting industry is now in safe regulatory hands. Securities and Exchange Commission chairman Harvey Pitt named Scott Taub to oversee the sector as deputy chief accountant. Taub had experience on the Professional Standards Group at his last firm - Enron's accountant Andersen. BOTTOM LINES "One thing I learned during my years as CEO is that perception matters." Jack Welch, former chief executive of General Electric, announcing his decision to forgo many of his retirement perks after they drew criticism in the media "Devaluations are not risks in Latin America...
...Enron Affect’ was added in there at the end,” he said. “Our students started thinking that the private sector needed to be regulated and also that the public sector needed some help in that...
...several months the sports car's German maker has been considering whether to list its shares on the New York Stock Exchange. But when Porsche chief executive Wendelin Wiedeking saw the tough new Sarbanes-Oxley Act that President Bush signed into law this summer on the heels of the Enron and WorldCom scandals, he had a fit. The new law, which seeks to safeguard against fraudulent accounting, requires CEOs and CFOs to vouch for the accuracy of their company's books under oath. That "makes no sense," Wiedeking said last month. A company spokesman explains that hundreds of employees...