Quote of the Day: OpinionJournal.com on Enron Verdicts
From today’s featured editorial:
….. We think these convictions of individuals–some 30 in the Enron case alone–will do more to deter future corporate crime than anything in Sarbanes-Oxley. At the same time, the U.S. economy has snapped back nicely, meaning that assertions of widespread corporate fraud back in 2001 and 2002 were way overblown.
The Enron verdicts are proof, if more were needed, that lying to employees, shareholders and the public about corporate finances is a serious crime that will be punished.
