Former Enron Chief Executive and future federal prisoner Jeffrey Skilling taught a generation of corporate attorneys a crucial lesson during his 2002 testimony before Congress: Don’t use the “I’m not an accountant” excuse for accounting problems at your company — it doesn’t go over well with authorities.

That remains true today. A growing number of general counsel have been fired, stepped down or are even facing criminal charges for not doing enough to stop illegal accounting of stock options at their companies.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]