Instead of making investments that would create 75 jobs, Max & Erma’s Restaurants is spending half of its profits on Sarbanes-Oxley compliance. The company will go private to avoid the regulatory hassle, but that limits the company’s access to the capital markets—and everyday investors’ access to opportunity. (John Berlau and Anastasia Uglova, “Sarbanes-Oxley ‘reform’ harming economy”, Pittsburgh Post-Gazette, Nov. 13). And Larry Ribstein sees SOx behind Georgia-Pacific’s decision to go private.
The hidden costs of Sarbanes-Oxley
Instead of making investments that would create 75 jobs, Max & Erma’s Restaurants is spending half of its profits on Sarbanes-Oxley compliance. The company will go private to avoid the regulatory hassle, but that limits the company’s access to the capital markets—and everyday investors’ access to opportunity. (John Berlau and Anastasia Uglova, “Sarbanes-Oxley ‘reform’ harming […]
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