Have you seen "Harold and Kumar go to White Castle"? It's a cinematic journey through the American Dream as lived by two guys who reside in New Jersey. After an evening of "sparking up", the two heroes get the munchies and decide to head to White Castle for some burgers.
What's this have to do with Enron (Ken Lay) and Computer Associates (Sanjay Kumar)? Well, Ken Lay is telling reporters that the fall of Enron made him a "victim" and Sanjay Kumar pleaded innocent.
Massive accounting fraud was occurring at the companies these men helmed as CEO yet they had *no idea* these misdeeds were going on?
If Ken Lay and Sanjay Kumar did not know about the actions of their respective corporate accounting teams and associated practices - what were they doing as CEO? Perhaps they were driving around, stoned and looking for burgers?
Corporate governance is about taking responsibility.