Word: wayward
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...Andersen tries to cover up corruption by rotating accountants from diocese to diocese, that Enron and K Mart will merge so Martha Stewart can design the prison uniforms. In each case it is the mighty who have fallen. The church scandal was as much about complicit Cardinals as about wayward priests; the FBI field agents did their job, but their careerist bosses stuffed all the clues into their desk drawers. As for the CEOs, they raid company coffers to pay off margin calls or build new mansions; awash in options, they manage the stock price instead of the company...
When it comes to cracking down on corporate crime, retribution seems to be the order of the day in Washington. Not long after Treasury Secretary Paul O'Neill spoke of hanging wayward CEOs from the highest tree, President Bush announced the formation of a "financial-crimes SWAT team." Unfortunately, the proposals most likely to pass into law have more bark than bite. Here's a look at some solutions that are more than just tough talk...
...Andersen tries to cover up corruption by rotating accountants from diocese to diocese, that Enron and K Mart will merge so Martha Stewart can design the prison uniforms. In each case it is the mighty who have fallen. The church scandal was as much about complicit Cardinals as about wayward priests; the FBI field agents did their job, but their careerist bosses stuffed all the clues into their desk drawers. As for the CEOs, they raid company coffers to pay off margin calls or build new mansions; awash in options, they manage the stock price instead of the company...
...penalize corporate executives who diddle with their books. "They have to know we are serious," says a top adviser, "so that people don't think: 'give them two months, they're Republicans, then we can start doing this again." The president is likely to call for criminal penalties for wayward executives and offer more money for the Securities and Exchange Commission to help hunt down the swindle-doers...
Doctors still have a lot to learn in their efforts to restore the wayward defenses of patients with autoimmune disorders. Last week's results suggest, however, that they are well on their...