ryan_gaffuri_at_comcast.net wrote,on my timestamp of 17/08/2006 10:50 PM:
> Even though SOX may be flawed, something was necessary. There was a $7
> billion accounting fraud case against Worldcom. It cost people their
> life savings. They basically bullied some mid-level account into
> changing the books.
>
> Then there is the enron case where they took over companies and moved
> their losses to those companies to hide the losses.
>
> There was another case(i forgot which company) where the CEO treated
> company money like it was a kingdom that he reigned over and stole money
> from the company.
>
> People put their retirments and pension plans into the stock market.
> Something was needed to help restore trust. The problem with the market
> is that the owners of the company do not run the company. So the
> interest of those who run the company may differ from those who own it.
>
No need to tell me of the need for corporate accountability
and financial control.
If that includes computer security in its stride, is a completely
different subject and matter.
--
Cheers
Nuno Souto
in sunny Sydney, Australia
dbvision_at_iinet.net.au
--
http://www.freelists.org/webpage/oracle-l
Received on Thu Aug 17 2006 - 07:58:19 CDT
