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Another run at rolling back corporate regulation

Another run at rolling back corporate regulation

by Toby Lucich on November 14, 2006

Just when you thought those big-time crooks from corporate business were getting a taste of their own medicine, a full frontal attack on the Sarbanes-Oxley Act is being planned.

That landmark post-Enron legislation placed major auditing and governance requirements on companies, and also put some teeth into the interpretation of malfeasance by the Securities and Exchange Commission (SEC).

Now crybaby business and its godfathers in the Bush administration want to us to forget Enron, Tyco, Global Crossing, et al, and the fabulous philanderers who brought the whirlwind down on their massive corruption. Lets review. Ex-WorldCom chief exec Bernard Ebbers got 25 years in March 2005 for his role in orchestrating the biggest corporate fraud in the nation’s history.

Another run at rolling back corporate regulation

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