Joseph Lieberman was interviewed on his thoughts on the Enron case. Lieberman had arguements about wall street, and accounting firms. He argued that analysts on wall street should have to state if they are working for a company, because they have basically become salesmen for the companies. They have vey rarely ever given advice to sell a stock, but instead advise people to buy stock. Another problem with the accounting firms Lieberman thought was that one accounting firm should not be allowed to be the auditor and consultant for single company. This would cut back on the corruption because more than one accounting firm would be involved at all times. Lieberman did not have an issue with expensing options, which most people do think is an issue. Liebermans thought on the Enron case was that what they were doing with options was not wrong, but it was other things, processes, recording, and honesty that was wrong.
Joseph Lieberman
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