Agreed. But the directors do have fiduciary duty and their oversite of this corporation was at best grossly negligent. Maybe shareholders need to pay more attention to who's on the board, how much they are paid and are they really just a team of yes-men who represent top management more than the shareholders.

I wonder what kind of legal liability will result from all of this... I wouldn't want to be a partner at Aurther Anderson right now. They also failed miserably in the Enron fiasco. If in fact they were shreding documents to "cover their tracks", then they should be found in the courts to be grossly negligent as well.

My fear is that the politicos will turn the whole issue into a political mess and the real culprits will get off with a slap on the rist.