Corporate watchdogs fight scandal -- and each other

Fed up with his job as an investment banker, Greg Taxin was contemplating his next career move in late 2002 when corporate America's accounting scandals inspired an epiphany.

He decided to build an early warning system for investors, an independent research firm that would challenge boards of directors before problems caused a financial meltdown. Taxin's brainchild, Glass, Lewis & Co., positions itself as an analytical pitbull.

"I don't know that we can catch everything wrong, but even if we find just a few things, we can warn investors and help save the pensions of millions of people," said Taxin, chief executive officer of Glass Lewis.

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