Troubled U.S. office equipment group Xerox Corp, once the king of copiers, on Friday discovered a $2.0 billion revenue gap in its books just days after global markets were hit by the biggest accountancy scandal on record.
How will Wall Street react to another case of cooked corporate books? Will corporate corruption become a campaign issue? I'll ask USC Law Professor Susan Estrich and Republican strategist Cheri Jacobus.
Another day, another scandal. The string of bad behavior has eroded consumer confidence and is sending wake up calls for reform in corporate America. What needs to be done before Wall Street becomes known as Fraud Street? Former SEC Chairman Richard Breeden and former SEC enforcement chief Ira Lee Sorkin.
We'll take the markets' temperature with Lynn Reaser, chief economist at Bank of America Capital Management; Paul Rabbitt, president and CEO of Rabbitt Analytics and Tobin Smith, chairman of Changewave Capital Management.
Have mutual funds fallen out of favor with the individual investor? John Curran, managing editor of Mutual Fund magazine, weighs in.
If people are still nesting at home, who do you buy to feather that nest? Jim Hagedorn, CEO of the Scotts Company joins the debate.
And, for an example of how Wall Street can directly impact Main Street, I'll be joined by Rosemary Aultman, mayor of Clinton, Mississippi, headquarters of WorldCom.
All that, plus we'll have continuing coverage from around the globe as the War on Terror continues.
About Your World...
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