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Final Word

The Supremes Gone Wild

IT’S NOT JUST COLLEGE GIRLS who go wild during spring break. In its recent ruling criticizing the Environmental Protection Agency for giving “no reasoned explanation” for its refusal to regulate carbon dioxide and other emissions from new cars and trucks, the U.S. Supreme Court dealt a body blow to the current Administration’s opposition to set mandatory limits on CO2 emissions-despite ...

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Time to Remove Our SOX

IN A MOVE INTENDED to ensure the future competitiveness of U.S. financial markets, a newly formed commission will recommend changes to the Sarbanes-Oxley Act and other regulatory mandates. “The Committee on Capital Markets Regulation,” will be co-chaired by former White House economic advisor Glenn Hubbard and Goldman Sachs president John Thornton. It will submit its recommendations at the end of ...

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Snap Decision on Stock Options

AS IF COMPENSATION wasn’t politicized enough, the scandal over backdating of option grants has renewed doubts about the efficacy of this form of compensation and conflated a number of other issues involving the internal controls provision of Sarbanes-Oxley. Backdating is not per se illegal; falsification of records to obtain company assets is. It’s an important difference that tends to get ...

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Keep Up The Heat On Sarbox

CHIEF EXECUTIVES of large public companies have dealt with the Sarbanes-Oxley Act of 2002 and moved on. But nearly 80 percent of all publicly traded companies, accounting for 6 percent of total U.S. equity market capitalization, are still wrestling with it.A moment of truth is at hand. The Securities and Exchange Commission established an Advisory Committee on Smaller Public Companies ...

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When CEOs drive diversity, everybody wins

  For Wally Parker, a recent conversation with a job candidate underscored the growing importance of his company’s longstanding diversity program. “She shared with me that when she interviews, she looks at the company’s management to see if there are players at the senior level who are African-American women,” said the CEO of KeySpan Services. “She asks herself, ‘Can I ...

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On the Issues: CEOs for Bush

FOR TWO MONTHS, Chief Executive has been asking our readers how you perceive the issues facing your businesses and the country. First, we asked through our email polling what you think the top challenges are. Then we asked whether President George W. Bush or Sen. John Kerry has the better policies for managing these issues. We have done this without ...

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