Dirks Versus Sec News Today : Breaking News, Live Updates & Top Stories | Vimarsana

He reported all of that. what happens was, all senior management went to prison but the sec sue ray dirks because they didn't like being embarrasses among other reasons. we've 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. >> it's a problem to have these charges, it's hard to get someone to listen. you sound like you have a grievance. so he west to the best known securities analyst ...

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, we've 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 and they were going to be in trouble for running a corrupt and insolvent insurance company. they call...