Fraudulently reported inflated earnings

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Reference no: EM131023117

For several years, CSK Auto, Inc., fraudulently reported inflated earnings. During this period, Maynard Jenkins was a CEO. He was not involved in the fraud, however, and was never charged with a crime. Nonetheless, using a SOX provision, the SEC sought to claw back some of his earnings during this period. Should Jenkins be financially responsible for fraud that occurred on his watch, even though he did not participate?

Reference no: EM131023117

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