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Rollback of Sarbanes-Oxley law would hurt U.S. investors

Rollback of Sarbanes-Oxley law would hurt U.S. investors

by Toby Lucich on January 14, 2007

Critics trying to build support for a rollback of corporate reform laws argue that they’re way too costly and have taken all the fun out of doing business in America. Those are lame excuses.

The latest rant comes from Shutterfly Inc. chairman Jim Clark. He said he is leaving the online photo company because the Sarbanes-Oxley law has taken reform “too far” and was crimping his ability to lead the way he wanted.

Next time he reads about another company swept up in the stock-options backdating scandal or hears of increased fraud in foreign financial markets, then maybe he’ll wake up to the benefits of reform.


Rollback of Sarbanes Oxley law would hurt U.S. investors

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