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The CEO for starters. Post-Enron accounting rules via Sarbanes-Oxley made it so that the CEO had to sign off on and certify the financial statements. The buck
by heymijo 6y ago
The CEO for starters.
Post-Enron accounting rules via Sarbanes-Oxley made it so that the CEO had to sign off on and certify the financial statements. The buck stopped there. [0]
Why not here as well?
Unless you are thinking about putting the system that incentivizes a CEO and company to do this on trial.
[0] https://www.sec.gov/news/press-release/2014-152 https://www.sec.gov/news/press-release/2014-152
- spaetzleesser 6y agoTop management definitely should lose their high salaries in such a case. The worst that seems to happen to them is to have to resign and get a huge severance package. That's not punishment.