Dirks Versus Sec News Today

He reported all of that. what happens was, all senior management went to prison but the sec sue ray dirks because they didnt like being embarrasses among other reasons. weve had whistle-blowers from honest officials and its had devastating consequences. >> neil: usually starts with a whistle-blower and communicates that to other people and still gets people thinking, maybe we have to worry here and on we go. processer, always good. >> its a problem to have these charges, its hard to get someone ...

In other words, in corporate america when you see this, where someone is dissatisfied with the ethical performance of the ceo, that more an more start turning on him? >> you know, neil, weve seen whistle-blowers in the corporate world as well. a very famous supreme court decision called dirks versus sec, a company called equity funding. once the favorite of the stock market among new insurance companies started to fail. junior management realized that senior management was hiding that failure an...