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Board Members Who Skated Away From Financial Failure, Responsibility

December 27th, 2009, 10:12 am admin Leave a comment Go to comments

Directors who were supposedly minding the store as disaster struck at companies like Countrywide Financial, Washington Mutual or Fannie Mae have not all been banished from other boardrooms. In many cases, directors just seem to skate away from company woes that occurred on their watch.

To some investors, this is an example of the refusal of those involved in the debacle to accept responsibility for it….

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