Sarbanes-Oxley is a law, passed after the Bubble, that drastically increases the regulatory burden on public companies. And in addition to the cost of compliance, which is at least two million dollars a year, the law introduces frightening legal exposure for corporate officers. An experienced CFO I know said flatly: "I would not want to be CFO of a public company now."I have said some unflattering things about Paul Graham's essays some time ago, and I haven't really changed my opinion yet; I came upon this one via the JoS discussion forum.
Friday, November 04, 2005
Oracle CFO resigns
The reason I am posting about this is this article by Paul Graham: