Don't tell me you're actually thinking this "deadline" is important...sheeeesh! We are talking about the good ole USA here.....the home of "Greed is Good" Capitalism. You have a President & VIce President with shady business pasts, and the 'Wall Street Poodle' Harvey Pitt making sure the Securities & Exchange Commission don't interfere with Greed too much...& a Treasury Secretary (O'Neill) who is detested by Wall Street because he keeps rambling on about corporate governance when they want him to shut up. The so-called new "laws" regarding this have been watered down, & will be dead easy for clever CEOs/Boards/Lawyers etc to get around.
Call me a cynic? Maybe......but check out the history....these same type of laws were introduced after the 1929 Crash, after World War 2, after the 1973/74 Crash and after the 1987 Crash (remember Michael Millken??.....he is now Co-director of a new Company which listed recently, and is already in deep trouble). The bottom line is.....LEOPARDS DON'T CHANGE THEIR SPOTS. It is business as usual......in other words....Grab what u can, & screw the shareholders.
CHEERS
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