Fortune Frowns on Lying CEOs

Fingers crossed"An angry mob of investors and taxpayers is assembling, and they want to see some executives' heads on pikes," reports Fortune magazine's Roger Parloff. "The question for the courts will be, Who was just foolish with our money -- and who was lying, cheating, and stealing?" Under the law, corporate executives are guilty of securities fraud if they misrepresent the truth about their companies' financial condition.

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