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Re: The Reckoning - WaMu Built an Empire on Bad Loans - Series - NYTimes.comworth readingin full
From: David Farber <dave () farber net>
Date: Mon, 29 Dec 2008 08:50:42 -0500
My limited experience with Boards was mainly prior to sarbanes oxley. I found the Boards (commercial ones only) spent all their time looking at balance sheets and hearing reports from senior management on tightly scheduled timing -- little chance for in-depth questions. Many NFP Boards seemed the same. I specifically exempt EFF and the Stevens Boards where strategy discussions as well as financial play n important part of the meetings.
Reading about clamities of the past -- Enron etc seems to support this.sarbanes oxley and the opportunity for personal libaility seems to help a bit.
Dave Begin forwarded message: From: Ed Lazowska <lazowska () cs washington edu> Date: December 28, 2008 2:11:48 PM EST To: "'dave () farber net'" <dave () farber net>Subject: RE: [IP] The Reckoning - WaMu Built an Empire on Bad Loans - Series - NYTimes.comworth readingin full
The interesting question that the article doesn't really ask is "Where was the board?"
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Current thread:
- The Reckoning - WaMu Built an Empire on Bad Loans - Series - NYTimes.comworth readingin full David Farber (Dec 28)
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- Re: The Reckoning - WaMu Built an Empire on Bad Loans - Series - NYTimes.comworth readingin full David Farber (Dec 29)
- Re: The Reckoning - WaMu Built an Empire on Bad Loans - Series - NYTimes.comworth readingin full David Farber (Dec 29)