Free Pricing | JCPenney Coupons | Pizza Hut Coupons | Home Depot Coupons
Sarbanes-Oxley Protects Growth

Sarbanes-Oxley Protects Growth

by Rick Turoczy on April 12, 2005

Robert D. Novak argued against the Sarbanes-Oxley Act on the basis that it will take $35 billion this year for publicly held corporations to comply. That, he said, will have a deleterious effect on economic growth.

WorldCom stockholders saw the capitalized value of their assets fall from $180 billion to less than $7 billion in the past four years. That loss would take five years to recover at the rate of $35 billion per year, and that ignores fraudulent accounting operations and stock scams at Enron, Adelphia, HealthSouth and other companies.

Sarbanes-Oxley Protects Growth

Leave a Comment

Previous post:

Next post: