O'Neill Has the White House Running Scared
As the famously hands-on chief executive of Alcoa (AA ), Treasury Secretary Paul H. O'Neill was loath to miss a stray carpet tack, let alone an anomaly in his company's financial data. That's why, as the official charged with giving President Bush a report in the coming weeks on Enron's implications for corporate governance, O'Neill is talking tough. His big idea: requiring CEOs to sign a financial-health affirmation statement that would make them more liable for Enron-style misrepresentations, whether intentional or not.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Fed Raises Rates, Eyes Three 2018 Hikes as Yellen Era Nears End
- This Electric Truck Will Probably Beat Tesla’s to Market
- These Guys Want to Lend You Money Against Your Bitcoin
- Famed Short-Seller Jim Chanos Says Tesla Headed for ‘Brick Wall’
- Bitcoin Points Way to ‘Massive Change’ for Commodity Businesses