Question :

1: Is "Corporate America" in require of tighter regulation to curb the questionable excesses and outright fraud of management, or is it a case of a few bad apples causing the remaining companies to spend huge sums to establish compliance with rules they never broke in the first place.

2: Are members of Management ethically bound to perform unethically? In other words, if the accounting issue is in the "gray" area, and Management is faced with the alternative of being completely honest (to the detriment of their stockholders - but to the benefit of the general public) or being essentially honest, but perhaps not quite entirely so (to the great benefit of the stockholders, but at the expense of the general public) . . . what should they do?