The Worst Ideas of the Decade - Sarbanes-Oxley

Re:The Worst Ideas of the Decade - Sarbanes-Oxley by rbanffy on Monday December 21, 2009 @03:46PM (#1008571)

Make all the top level execs liable. That way, one will watch the other and the odds of all of them entering deliberate fraud (or tricking themselves into it) is reduced.

It was also suggested on this thread that a carrot-and-stick (fines for the less compliant, tax reduction for the more compliant) would be pretty clever.

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Re:The Worst Ideas of the Decade - Sarbanes-Oxley by numair on Monday December 21, 2009 @06:06PM (#1008820)

A proposal only an insurance company could love.

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Re:The Worst Ideas of the Decade - Sarbanes-Oxley by litewulf on Monday December 21, 2009 @08:42PM (#1009162)

Or, it would just mean that all the top level execs would work to protect each other.

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Re:The Worst Ideas of the Decade - Sarbanes-Oxley by lallysingh on Tuesday December 22, 2009 @01:26AM (#1009533)

Or blackmail one another.

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Re:The Worst Ideas of the Decade - Sarbanes-Oxley by rbanffy on Tuesday December 22, 2009 @02:23PM (#1010535)

And then all you need is one failing to pay to bring down the whole castle of cards.

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