Liz Gelina Case Summary
1) According to Ms. Gelina it is because the executives fear messing up and having to face the 20 year prison sentence which in turn caused their disregard for corporate dependents and unfair treatment of companies and individuals. (Peek, 2008) The Sarbanes-Oxely Act failed in the recent financial crisis because it has no regulations on corporate behavior so a lack of ethics is where it went wrong. The recent financial crisis was due to the banks' greediness.
2) No, I believe that with money involved there will always be the aspect of greediness for more money in companies, therefor never curtailing the behaviors that led to the crisis. As Liz Peeks states in her article, "Ms. Gelinas put it as such: No law can guarantee against economic
2) No, I believe that with money involved there will always be the aspect of greediness for more money in companies, therefor never curtailing the behaviors that led to the crisis. As Liz Peeks states in her article, "Ms. Gelinas put it as such: No law can guarantee against economic