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Wednesday, February 08, 2006

Sarbanes-Oxley Unconstitutional?

Let's hope so. The WSJ analysis shows that this piece of massive bureaucracy has cost shareholders of American companies $1.4 trillion. Where's the outrage? Not to mention, it makes US exchanges less attractive to companies seeking public listings.

I agree with WSJ - let's retire Sarbanes-Oxley when these two clowns retire at the end of '06. While every other mid and top level manager in the US is held accountable for their companies numbers (and already were before), these two guys get off scot-free. Again - a little outrage please?