Chief financial officers strongly agreed with the guilty verdicts recently handed down for former Enron Corp. executives Kenneth Lay and Jeffrey Skilling, according to the second quarter "CFO Outlook Survey," conducted by Financial Executives International and Baruch College's Zicklin School of Business.

While few of the more than 200 survey respondents argued for maximum sentencing for the men, just 3 percent ultimately disagreed with the guilty rulings against Lay and Skilling. FEI president and chief executive Colleen Cunningham said that respondents' comments expressed the belief that ignorance is no defense for a chief executive, or a chief financial officer

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access