NP? what's black & white & red all over?
Doug Millison
millison at online-journalist.com
Wed Jul 10 11:12:13 CDT 2002
http://www.nytimes.com/2002/07/10/opinion/10WED2.html
[...] On Monday the president attempted to explain why the methods he
employed as an oil company executive years ago are different from the
insider trading and creative accounting now undermining the credibility of
corporate America. He made the disastrous mistake of arguing that in his
case, accounting rules were "not always black and white." For a president
whose foreign policy, and entire political outlook, is based on the idea
that the world can indeed be divided into good and bad, black and white,
nothing could have sounded worse. The president needs to speak much more
frankly about the money he made in selling his faltering oil company to
Harken Energy of Texas - and later selling Harken shares shortly before the
company's stock price collapsed. Harken also engaged in questionable
bookkeeping practices while Mr. Bush served on its board. While the S.E.C.
has found no illegalities, he would be a more persuasive advocate of reform
if he found a way to acknowledge that this deal, the foundation of his
personal fortune, is not a shining example of the stern code of
responsibility he now demands that executives follow. [...]
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