Though Halloween is over, I am compelled to highlight this macabre item from Ireland’s Sunday Tribune (subscription required).
Bob Semple, a Dublin-based partner at PwC, discusses the growing legal accountability of Irish non-executive directors, the subject of a recent guide published by his firm. Like many other countries over here in Europe, Ireland has toughened its laws in response to the scandals at Enron et al. (For a particularly interesting Irish example of corporate malfeasance, see W&R Morrogh.)
What caught my eye about the article was this bit of black humor about Sarbanes-Oxley:
Under the law, a CEO or CFO could face up to 20 years in prison if things go Enron, whereas manslaughter has a maximum sentence of 16 years in most US states. "So you'd be better off killing the CFO. You'd get four less years," said Semple, who stressed that this advice was not in the PwC guide.
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