The Pump-and-Dump Economy

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This is an opinion item.

Author(s) Michael S. Malone
Source The Wall Street Journal
Date December 21, 2006
Quotes-start.png "The closer you look at Sarbanes-Oxley the more you realize it is almost perfectly designed to crush new business creation. The latest estimate for the annual cost of implementing Sarbox in a public corporation is $3.5 million. Pocket change for a Fortune 500 company; the entire annual profit of a newly public firm. Is it really any wonder that smart entrepreneurs look for a corporate sugar daddy instead of an IPO?" Quotes-end.png

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This item argues for the position Act should be repealed on the topic Sarbanes-Oxley Act.