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Ceo Avoidance

Today as always, most CEOs rely on their financial advisors to know the details, to interpret the indicators, and to keep them informed. In many cases CEOs simply don’t know enough about the financial underpinnings of their own companies. Often they are challenged by an inability to effectively read between the lines of their own financial reports. As a result, they live with an awesome potential liability. Yet, despite the risk, many CEOs do not want to freely acknowledge their financial shortcomings to their staff, their boards, not even to their CFOs. Or maybe especially to their boards and CFOs. This risky scenario is being played out in corporations large and small across the country. Samuel Waksal has gone to jail, Martha Stewart has been indicted, and several of the smaller fry in the Enron case have copped pleas. But the corporate scandals' big fish; Enron's Jeffrey Skilling, WorldCom's Bernard Ebbers, Tyco's Dennis Kozlowski, swam free and enjoyed their millions in......


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Approximate Word Count: 1456
Approximate Pages: 6 (250 words per double-spaced page)

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