Comments on: Valley veteran Jim Clark resigns, saying regulations have “gone too far”

By: tips

tips — Tue, 30 Oct 2007 17:33:12 +0000

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By: Blog Comment Poster

Blog Comment Poster — Thu, 30 Aug 2007 17:57:25 +0000

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By: Drake McHugh

Drake McHugh — Mon, 15 Jan 2007 06:58:01 +0000

Go Dark! Go Private!

By: vv

vv — Fri, 12 Jan 2007 19:19:38 +0000

why don’t enterpreneurs like Jim who created the bubble in the first place suggest a balance between no regulation and SO. SO might well be an over-reaction, but to throw a tantrum (given the extent of capital loss they caused) seems irresponsible.

By: BlogReader

BlogReader — Thu, 11 Jan 2007 19:17:00 +0000

Yeah right he quit because he can’t be the head of some internal committee. Could it be that a website that just prints pictures and mails them to people isn’t that interesting? He’s cashing out and moving on to something more exciting — this “oh the SOX is teh evil” is just a smokescreen, probably because it makes shady inside trading harder to do.
As for the Atlas Shrugged reference: you’re actually equating nationalizating a steel company with asking that a public photo printing site be more open with its books?

By: krish

krish — Thu, 11 Jan 2007 18:34:32 +0000

Over regulation can only impede economic creativity. Offenders will still be around no matter how severe a punishment law provides. The old dictum of “Caveat Emptor” ( buyers beware) still holds true and is the only reliable safeguard.

Sox Act at best enriches and nourishes Accountants and corporate lawyers – the parasite that thrives in the cesspool of economic malaise.

By: James Naughton

James Naughton — Thu, 11 Jan 2007 09:22:25 +0000

I think there is lots more of this to come.

Sarbanes Oxley is more a curse. Contrary to what regulators and accountancy firms might say it is NOT a panacea or is not the silver bullet of corporate governance.

I hope the SEC and PCAOB take a serious look at this now ridiculous situation as it will never prevent another Enron.

By: Blake

Blake — Thu, 11 Jan 2007 02:47:04 +0000

This is straight out of Ayn Rand’s *Atlas Shrugged*, in which the businessmen who hold up the economy go on strike.

By: Harshal Vaidya

Harshal Vaidya — Wed, 10 Jan 2007 21:22:23 +0000

Its time such companies move to India. All such regulatory headaches aren’t present out there.