SOME MODEST PROPOSALS: While we’re cleaning up the corporate world, let’s not forget nonprofit corporations. The accounting that goes on at many of them is of Enron caliber, and nonprofits are now a nontrivial economic sector. They take a lot of people’s money, often under more-or-less false pretenses, and there’s not much scrutiny regarding how they spend it.
Also, let’s extend CEO responsibility to political candidates: let’s make every candidate face personal criminal responsibility for any illegal campaign contributions, just as CEOs are proposed to be liable for any accounting shenanigans that occur on their watch!
Some readers may think I’m not serious about these proposals. I am.