April 9, 2003
FROM Eliot Spitzer, attorney general for New York, to Arthur W.H. Docters van Leeuwen, president of the Netherlands Authority for Financial Markets, to Lee Jung-Jae, chairman of South Korea's Financial Supervisory Commission, corporate baby sitters are pulling out their paddles. A decade of misbehavior cued a massive crackdown in the executive romper room. But the most interesting white-collar prosecution is not taking place in the great financial capitals. It's in Dusseldorf, Germany, known for steel mills and blood sausage.