Bill Richardson on Corporations
Democratic Governor (NM); Secretary of Commerce-Designee
But according to the San Diego Reader, ĒRecords show that Richardson attended, in person or by phone, 15 board meetings. In those meetings, directors were hearing that the company might get caught cooking the books.ď
In May 2002 the company announced it had found accounting irregularities and the stock collapsed. Richardson resigned in June.
When oil prices rose to what seemed unimaginable heights in 2000, I thought there was a further role for government. As Energy Secretary, I felt it was my duty to act, to try to bring prices back into a safe and stable range.
I had four areas I could take the initiative: talk to OPEC; get more domestic oil; use the Strategic Petroleum reserve; and assist the hardest-hit Americans.
Their job is to make profit & pass it on to shareholders. That is the beauty of our economic system. It is a model that has built progress & prosperity around the globe, raising the standard of living & fulfilling the hopes & dreams of billions.
But that model cannot protect US national interests, either at home or abroad. Congress, the states, & the president have responsibility for that. It is a critical responsibility that they havenít lived up to.
We need to rebuild this economy by being pro-growth Democrats. We should be the party of innovation, of entrepreneurship, of building capital. We need to find a way that globalization works for the middle class.
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