CELEBRITY TIE-IN: Winona and Martha illustrate corporate ills, Grundfest says.(Frontlines)(Winona Ryder)(Martha Stewart)(Joseph Grundfest, Stanford University Law School professor)

Pensions & Investments, November, 2002 by Chernoff, Joel

Byline: Joel Chernoff Two words sum up how corporate America can avoid the scandals of the past year, said former SEC commissioner Joseph Grundfest: ``Winona Ryder.'' The actress' shoplifting of more than $5,500 of goods from Saks Fifth Avenue in Beverly Hills is not a whole lot different from the wave of corporate fraud allegedly perpetrated at top U.S.

companies, said Mr. Grundfest, who now is a Stanford University Law School professor. How do we deter fraud, he asked? The same way we deter shoplifting. What is needed is tougher enforcement of laws already on the books, said Mr. Grundfest, who strongly supports boosting the Securities and Exchange Commission's budget. ``In a simplified way, this is the trial against (former Enron Corp. CEO) Jeff...

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