President Bush takes to the bully pulpit to deliver a stern lecture to America’s business elite. The Justice Dept. stuns the accounting profession by filing a criminal indictment of Arthur Andersen LLP for destroying documents related to its audits of Enron Corp. On Capitol Hill, some congressional panels push on with biased hearings on Enron’s collapse and, now, another busted New Economy star, telecom’s Global Crossing. Lawmakers sign on to new bills aimed at tightening oversight of everything from pensions and accounting to executive pay.
To any spectators, it would be easy to conclude that the winds of change are sweeping Corporate America, led by George W. Bush, who ran as "a reformer with result." But far from deconstructing the corporate world brick by brick into something cleaner, sparer, and stronger, Bush aides and many legislators are preparing modest legislative and administrative reforms. Instead of an overhaul, Bush’s team i
A. the Justice Department seized on the plight of Enron’s workers.
B. the White House recognized that stricter control is a political must.
C. The President was determined to turn a reformed Andersen into a model.
D. the White House responded strongly to the Andersen’s scandal.
President Bush takes to the bully pulpit to deliver a stern lecture to America’s business elite. The Justice Dept. stuns the accounting profession by filing a criminal indictment of Arthur Andersen LLP for destroying documents related to its audits of Enron Corp. On Capitol Hill, some congressional panels push on with biased hearings on Enron’s collapse and, now, another busted New Economy star, telecom’s Global Crossing. Lawmakers sign on to new bills aimed at tightening oversight of everything from pensions and accounting to executive pay.
To any spectators, it would be easy to conclude that the winds of change are sweeping Corporate America, led by George W. Bush, who ran as "a reformer with result." But far from deconstructing the corporate world brick by brick into something cleaner, sparer, and stronger, Bush aides and many legislators are preparing modest legislative and administrative reforms. Instead of an overhaul, Bush’s team i
A. an intense lobby blitz shown in corporate behavior.
B. the indignation displayed by some congressmen.
C. a decision left up to Justice Dept. prosecutors.
D. the message embodied in the President’s actions.
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