OT ??
I suspect that CEO of major companies have jumped through all the legal hoops and we will see few if any convictions of top dawg corporate leaders under Sarbanes Oxley.
But all this protection costs money,lots of money, thus benefitting lawyers and accountants. But also increasing the cost of doing business in the US, thus harming the people of the US as a group. Money and business tend to go where they are treated best.
In fact few have been prosecuted under SO and even fewer convicted
http://blogs.reuters.com/alison-frankel/2012/07/27/sarbanes-…
you can get lots of opinions about the usefulness of S-O but the facts mostly point one way.
look at this defense of SO
http://www.nytimes.com/roomfordebate/2012/07/24/has-sarbanes…
lots of platitudes but no facts. And written by lawyer not a businessman
Will S-O do anything to be worth the corporate cost?
So far it does not appear to have done much to reduce executive wrong doing.Crooks will be crooks. And if you want to be a crook and are smart enough ,white collar crime is definitely the way to go. Especially if you avoid the obvious ones like embezzlement.