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[crash3m at trelane.net]

We're you aware that 80% of this 'financial swat team' are accountants?
Not many people are and the mass media isn't exposing it.  All I can
say is if I were the CFO/CEO of a large corporation I'd keep my mouth
shut, any accountant that did find and report improper accounting
practices would be committing career suicide.

ML

On Wed, 31 Jul 2002 20:46:58 -0500 (CDT)
Dustin Decker <dustind at moon-lite.com> wrote:

> On Wed, 31 Jul 2002, Kurt Kessler wrote:
> 
> > I find it hard to believe that any of these companies
> > ever had problems. Common sense tells you what it
> > takes to make money. When you are head of a company
> > that big, you hire people to do what you tell them to
> > do. When things are going wrong, wouldn't you be
> > concerned? Is it not their job to inform you of such
> > things? When the "brass" is walking away with
> > multi-million dollar severances and options, and
> > everyone else loses 15 years of 401 and stock
> > overnight, it makes you wonder...
> 
> Yeah - I just have to wonder in the present sense of Chapter 11
> filings whether or not the executive officers aren't willing to "swear
> they books aren't cooked".  This is something the Bush administration
> has been pushing a lot lately - to the point we may even see more
> companies throw in the towel rather than find themselves with their
> financial pants wrapped around their ankles.
> 
> Needless to day - anyone who isn't prepared to swear on their books 
> faces a significant hit in the consumer confidence arena as well.  I 
> think we've finally hit the "shit or get off the pot" moment.
> 
> Just my $.02
> Dustin
> 
> -- 
> *-----------------------------------*
> | Dustin Decker                     |
> | dustind at moon-lite.com      
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