PCAOB Head Speaks to Business Week

William McDonough, chairman of the PCAOB from its inception, talked to Business Week about corporate concerns and auditor anxiety. Among other comments, he said that CEOs were deluding themselves if they thought that the American people felt that there were only a "few bad apples" in executive chairs, that excessive CEO pay is a major concern and some auditors have been excessively cautious in applying Sarbanes-Oxley.