Can Corporate America police itself? No, says MarketWatch

Pfizer Inc. (NYSE:PFE), Tyco International Ltd. (NYSE:TYC), Citibank (NYSE:C) and others met with the Securities and Exchange Commission last fall to talk about whistleblower provisions in the new financial reform laws. Not surprisingly, says Reuben Guttman at MarketWatcth, they were looking to water down the rules. But, he adds: “What these companies have in common is that they each have been involved in a massive corporate scandal that victimized consumers or shareholders. Had a whistleblower come forward early, their wrongful conduct could have been averted.” 

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