On: The Worst Ideas of the Decade - Sarbanes-Oxley

[rbanffy]

Make all the top level execs liable. That way, one will watch the other and the odds of all of them entering deliberate fraud (or tricking themselves into it) is reduced.

It was also suggested on this thread that a carrot-and-stick (fines for the less compliant, tax reduction for the more compliant) would be pretty clever.

[numair → rbanffy]

A proposal only an insurance company could love.

[litewulf → rbanffy]

Or, it would just mean that all the top level execs would work to protect each other.

[lallysingh → litewulf]

Or blackmail one another.

[rbanffy → lallysingh]

And then all you need is one failing to pay to bring down the whole castle of cards.