Author Topic: Hank Greenberg Pays $15M Fine To Settle SEC Suit  (Read 997 times)

Parsad

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Hank Greenberg Pays $15M Fine To Settle SEC Suit
« on: August 06, 2009, 11:46:42 AM »
Hank Greenberg has settled his case with the SEC.  What's idiotic is this comment by SEC Enforcement Director Robert Khuzami:

"Corporate leaders cannot avoid the truth and consequences of their companies' performance by using improper accounting gimmicks and signing off on distorted financial reports..."

...Unless they are very wealthy and can just pay $15M.  Sheesh!   Cheers!

http://www.bloomberg.com/apps/news?pid=20601087&sid=ar98JzRqWfR4
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