Accountants Board Tin Ear Now Golden

Has the credibility of the new Public Company Accounting Oversight Board been destroyed before it's even up and running?

That's what some critics contend following an announcement last week that members set their own pay at $452,000 per year and the new chairman's salary at a whopping $556,000.

"This doesn't speak well to the ethics and integrity of its members when the first thing they want to do is pad their own pockets," said compensation expert Graef Crystal.

Ebbitt Grill Regulars

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