| "Strong
U.S. government enforcement of the law that identifies and punishes guilty senior
executives with both financial and criminal (prison) penalties."
Cary F. Viktor,
BN'68, GR'72, Lockheed Martin Corporation
"Once corporate
executives, including participating board of directors members, face large monetary
fines personally, in conjunction with imprisonment penalties, they will take more
care of the companies they lead."
Chris Humlicek,
BN'93, human resources manager, CareResources, LLC
"Businesses
should stop compensating CFOs and controllers with incentives tied to the value
of company stock. Pay them in cash, not stock options."
Ed Faber, BN'83,
special projects team leader,
Cedar Rapids Gazette
"The corporation
and its investors must share the responsibility for improving investor education
in financial statements. Assuming corporations provide accurate financial statements,
the ultimate responsibility lies with the investors. Whether taking corporate-
sponsored or independent financial workshops or seminars, investors must research
and educate themselves before investing."
Jeffrey H Williams,
BN'76, GR'77, president, Diamondback Consultants
"The accounting
profession needs to displace the government as the 'watch dog' for the profession,
assume a leadership role to take action against those who have violated the established
rules, and take the lead in ensuring consistent and accurate financial reporting."
Jerry F. Wilson,
BN'70, Hewitt Associates
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"I
would challenge the governing body of Generally Accepted Accounting Practices
to tighten their accounting guidelines to restrict 'creative accounting.'"
John R. Hovey,
BN'76, president, Merit Resources, Inc.
"Promote ethical
training throughout all businesses and industries. Then, in each annual financial
publication, detail the code of ethics and training guidelines followed by all
people of the company."
Jordan Greene,
BN '01, marketing associate, SYSCO Foodservice of Minnesota
"Simplify,
simplify, simplify! Make disclosures in language anyone with an eighth grade education
can understand."
Kal Kaplan,
BN'67, business manager, Bay View Capital
"Time is the
answer. I believe the vast majority of corporations in America are run honestly.
The majority of financial statements are reported accurately. However, those companies
I'm talking about don't make the news headlines. As all others have, this bear
market too, shall pass."
Charlie Freund,
II, BN'90, vice president-retirement services, Retirement Counseling Services
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