From: Robert E. Rutkowski |
Securities and Exchange Commission Dear Chairman Cox: The Sarbanes-Oxley Act was designed to force executives to pay back ill-gotten gains arising from accounting fraud. But according to an AP article, http://www.businessweek.com/ap/financialnews/D8I4V9BO0.htm?sub=apn_home_down&chan=db, there have been 2,000 restatements since the Sarbanes-Oxley Act, but the SEC has yet to make a single attempt to force a CEO to pay back ill-gotten gains. Please start going after CEOs ill-gotten gains and make use of the Sarbanes-Oxley Act's clawback provisions. Thank you for the opportunity to bring these remarks to your attention. Mindful of the enormous responsibilities which stand before you, I am, Yours sincerely, cc: President George W. Bush 2527 Faxon Court |