Corporate Scandal
Corporate scandals have rocked the landscape of the American economy. ... Recent corporate scandals more than anything else are responsible for poor market performance. As Gary Strauss of USA Today writes, “Corporate America’s burgeoning scandals are proving harder for the financial markets to shake off than September’s terrorist attacks. ... One step the government needs to take to help prevent further corporate scandal is to set up a review board to handle these unfortunate situations. ... Ever since the Enron scandal broke, there have been a number of investigations into what took place including several Congressional hearings, an investigation by a special committee of the Enron board, A criminal investigation and prosecution by the Department of Justice, an continuing SEC review, and a considerable amount of investigating by the press. ... Having a panel like this would not prevent these corporate scandals from taking place in the future.