CBS Evening News for Wednesday, Jul 24, 2002
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(Studio: Dan Rather) Stock Market Report. SEC investigation into AOL Time Warner noted.
(New York: Anthony Mason) The arrest of former Adelphia CEO John Rigas and two sons for corporate fraud featured; details given of investor losses and the effect of Rigas’s arrest on the stock market. [Deputy attorney general Larry THOMPSON- says members of the Rigas family systematically looted the corporation.] [Duke University James COX- says he is reassured.] [Prudential Financial Larry WACHTEL- comments on the effect on the stock market.] [New York Stock Exchange chairman Dick GRASSO- says the system isn’t broken.]
(Studio: Dan Rather) Details of the corporate reform package agreed upon reported.
(White House: John Roberts) The political implications of the losses in the stock market on President Bush and the Republican party featured; details given of Bush’s stance toward Secretary of Treasury Paul O'Neill; CBS News poll on Bush and the economy cited. [BUSH – says this government will prosecute corporate executives who break the law.] [Representative Mark FOLEY- says people vote with their pocketbooks.] [Senator Thomas DASCHLE- comments on SEC chairman Harvey Pitt’s demand for a raise and promotion.]