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(Studio: Carol Lin) Report introduced.
(White House: Kelly Wallace) Congressional pressure for SEC head Harvey Pitt to resign amid the current wave of corporate scandals featured; details given of President Bush’s involvement with Harken and other ties to big business by his administration, including Vice President Dick Cheney’s dealings with Halliburton. [Senator John McCAIN- says investor confidence can only be restored by someone whose record is completely untainted.] [PITT – says people are bringing up the Bush case for political advantage.] [Representative Richard GEPHARDT- says he thinks it would be best if Pitt would recuse himself.] The corporate reform bill discussed.
(Studio: Carol Lin) Coca-Cola’s plan to list stock options on the company’s financial statement noted.
- Lin, Carol;
- Wallace, Kelly
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