Posted by & filed under Company Analysis, Governments & Regulators, Management Issues.

Description:  Unraveling the biggest-ever U.S. bankruptcy case isn’t cheap. A report released Thursday by the examiner in the Lehman Brothers Chapter 11 case exposed the games the defunct investment bank’s executives played to stay in Wall Street’s good graces

Source: CNNMoney.com
 
Date: 03/12/2010

Link:
http://money.cnn.com/2010/03/12/news/companies/lehman.fees.fortune/?section=magazines_fortune

Questions for discussion:

  • How does the Sarbanes-Oxley Act, which holds executives responsible for the integrity of their firms’ accounting, relate to the possible legal actions against CEO Dick Fuld and others?
  • Do you agree that the costs associated with “establishing the facts that can be used in both civil and criminal litigation, the 2,200-page report will likely more than make up for its costs”?
  • Do you believe that the report will contribute to better government or industry regulation in the future?

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