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Honesty Is Best Policy
The audience and the press were stunned and began talking among themselves excitedly. This forced Senator Stottlemyer to rap for order. He said, "I applaud your decision. Please go on."
Cartwright continued speaking without notes. "I am indeed guilty of accounting fraud and all of your worst suspicions are true. I acted motivated by my own personal greed and my oversized ego when I ordered my CFO to cook our books in order to inflate our earnings and increase our stock price. My sins—no, my crimes—have cost thousands of people billions of dollars and I am ashamed that I cannot restore their money."
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- Companies:
- Compass Capital Partners
- People:
- E. Niles Cartwright
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