Corporate Scandals: Misdiagnosis Leads to Misguided Cures
HILL BRIEFINGFriday, October 25, 2002
12:00 p.m.
Featuring William Niskanen, Chairman, Cato Institute; and Alan Reynolds, Senior Fellow, Cato Institute.
2105 Rayburn House Office Building
Although all eyes are focused on accounting standards as the reason for corporate failure and the vehicle for corporate corruption, the real cause and the real cure for an ailing industry may lie elsewhere. Missing from the current debate is an examination of how bad business decisions, disincentives in the tax code, and the unintended consequences of management-protection law may be the real source of today's corporate crises. Please join us for a thorough diagnosis and a prescription to remedy corporate failures and their tragic consequences for investors, creditors, employees and communities.