但格老强调现在企业管理方式就是仰赖对于CEO的信任之上，这也是现有最好
的管理方式，他也认为市场已经在股价与债券价格之上给予那些试图欺骗投资者
的公司大大的教训。
‘’After considerable soul－searching and many Congressional hearings，
the current C。E。O。－dominant paradigm， with all its faults， will likely to
continue to be viewed as the most viable form of governance for today's
world，‘’ Mr。 Greenspan said in remarks prepared for delivery at the Stern
School of Business of New York University。
在经过许多次心灵改造与國会听证之后，CEO主导经营的范例虽然有许多缺
点，但还是被视为现今商业社会中企业管理最有效的方式，
His comments were consistent with previous statements about the
lessons of Enron's downfall and a long－held ideological position that
economic and financial problems are often best left to the free market。
They seemed directed in part at calls from members of Congress，
especially Democrats， for tougher rules on corporate oversight。
他的这项言论与先前发表的安隆事件最好让自由市场去自我调适与对于经济发
展的长期远景相对乐观的谈话一致，这主要对部份國会议员，尤其是民主党主张
应对企业监督做更多的立法限制，所做的回应。
Senate Democrats have proposed legislation that would increase
criminal penalties for some kinds of corporate wrongdoing and give
state attorneys general additional power to sue companies。 Some
Democrats have said that a naive reliance on free－market checks and
balances of the sort advocated by Mr。 Greenspan was at the heart of
Enron's collapse。
参议院已经提出立法草案拟大幅加重企业过失的形事责任，并拟赋予检察官额外
的权力来控告出事的公司，有些民主党议员认为格林斯潘所提倡的自由市场观念
缺乏切实的监督与制衡是安隆事件的發生的主要原因。
But the Fed chief suggested that the market was working as it should， if
after the fact。 He said investors seemed to be awarding higher relative
values to companies whose earnings reports were not exaggerated or
misleading， and that the reliability of financial statements was being
reflected in corporate bond prices。
但格老认为市场运作自有其机制，只要资讯充分揭露，他进一步表示在过去的年
代，投资大众对于盈余数字保守、不夸大的公司，总是给予较高的评价，至于对
于企业财务报表的信任程度则反应在其所发行的债券价格之上。
‘’Corporate governance has doubtless already measurably improved as a
result of this greater market discipline in the wake of recent events，‘’ Mr。
Greenspan said。
