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Economy / Stock Market / Corporate Reform Bill / CEOs #706727

CBS Evening News for Tuesday, Jul 30, 2002
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(Studio: John Roberts) “CBS News” consumer confidence survey results cited. Stock Market Report.

(Capitol Hill: Bob Schieffer) President Bush’s signing into law of the corporate responsibility bill featured; details given of the impact of the Merrill Lynch investigation and the collapse of WorldCom on the stock market; scenes shown from the signing ceremony and from Wall Street. [BUSH – comments on penalties for corporate leaders.] [At a Wall Street rally, AFL-CIO president John SWEENEY†- comments on stock options for CEOs.] [Two Merrill Lynch EXECUTIVES – plead the fifth amendment.] [FCC chairman Michael POWELL†- says deception and breach of public trust must be rooted out.]

(Studio: John Roberts) Report introduced.

(New York: Anthony Mason) The consequences of the recent corporate scandals on CEOs featured. [Atlantic Bank CEO Tom O’BRIEN†- says when a CEO lowers himself to the level of a petty thief, it hurts us all.] [John Hancock CEO David D’ALESSANDRO†- says he considers it a privilege to be a CEO of a public company.] [Charles Schwab co-CEO David POTTRUCK†- comments on the SEC’s order for CEOs to sign off personally on their corporate numbers.]

Reporter(s):
Mason, Anthony;
Roberts, John;
Schieffer, Bob
Duration:
00:05:30

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