The "Sgt. Schultz" Defense

by Sheldon Rampton — October 4, 2002 - 11:00pm
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Enron CEO Ken Lay and Global Crossing CEO Gary Winnick are both claiming that they knew nothing about the billion-dollar shortfalls, deceptive accounting and other problems at their companies. Experts say ignorance is a "potentially effective legal strategy," even though "you should expect chairmen to be aware of major factors affecting the business." After all, isn't that why they pay them the big bucks?

Main Source: 
San Francisco Chronicle, October 5, 2002