Warren Buffett chastises the nation's CEO's in today's NYT.
There is a crisis of confidence today about corporate earnings reports and the credibility of chief executives. And it's justified.
Without blushing, almost all CEO's have told their shareholders that options are cost-free.
To clean up their act, CEO's don't need "independent" directors, oversight committees or auditors absolutely free of conflicts of interest. They simply need to do what's right.
CEO's ... should quit talking about some bad apples and reflect instead on their own behavior.
[CEO's] talk principle, but, for most, their motive is pocketbook.
[ Originally from Jeremy. See something bad in the hierarchy of the company? Well, it's usually because there is something bad at the top. Almost 100% guaranteed. --Rek ]
Who Really Cooks the Books?