An Agenda for Corporate Reform: We need truly independent, full-time outside directors.

Wall St Journal ^ | June 24, 2002 | FELIX G. ROHATYN

[SJackson]

As scandals from Merrill Lynch to Andersen and Enron make clear, in the past few years the most fundamental principles of our market system were being flouted: full disclosure, strong corporate governance, strong ethical standards. Congress, the Securities and Exchange Commission and various other organizations are now taking corrective measures to clean up the market mess. The steps being taken now are positive, but we should consider additional changes in a few other areas.

[hgro]

What we need is a government free of Bill Clinton types who continually money grub companies. If this type government is not corrected, the corruption of corporations will continue.

[Lee_Atwater]

The value of the stock grants would be charged to the company's income in the year of the grant, reflecting the reality of the situation.

So a shareholder is supposed to take a dilution and a further cut into EPS to expense stock grants?

BTW ... This guy is a Democrat fundraiser discussing ethics. That is a joke!