Short-termism can result in a range of corporate and financial games that may enrich management at the expense of market integrity and efficient investor capital allocation.
The confidence of all users of financial statements in the transparency and integrity of financial reporting is critically important to the effective functioning of capital markets, efficient capital allocation, global financial stability and sound economic growth.
All the people that we've talked to today who know him say he's smart, fair, efficient, on top of things in his courtroom, and he's highly regarded for his integrity and decency.