SEC To Grill Time Warner Bigs

The Securities and Exchange Commission has subpoenaed current and former top Time Warner executives in a probe of the media giant's accounting practices, a newspaper reports.

The New York Times reports the SEC wants to talk with Stephen M. Case, the company's former chairman, and Richard D. Parsons, the current chairman and CEO of Time Warner, which changes its name from AOL Time Warner last week.

The subpoenas do not mean the executives are suspected of wrongdoing. But securities lawyers tell the newspaper the SEC would only subpoena top executives if investigators had specific questions for top managers. The move also likely signals the probe has entered its final phase.

http://www.cbsnews.com/stories/2003/09/17/national/main573686.shtml

When's the SEC going to release Bush's Harken report?