Originally posted by javaContour:
I'll try to find a link to what my company's CEO said about this, but I believe his answer to the call by many in congress for reform of corporate accounting, is sure, you go first.
TB
Let's see, the Federal Government budget decisions are made in public, on the floor of the Congress and in the White House, by representatives and a President elected by the people, who can unelect them if they don't like the accounting practices, and none of the people involved are paid more than $200,000 per year. On the corporate side, decisions are made in secret, with the decisions hidden from the shareholders, who really can't engage in a successful proxy battle to remove them, and from the employees, who stand to lose everything, and the corporate CEO's and their cronies are paid millons per year. No, I don't see the parallel....
