Valley veteran Jim Clark resigns, saying regulations have “gone too far”
Jim Clark, the founder of Web browser Netscape, has resigned as chairman of Redwood City photo printing company Shutterfly, citing securities regulations that have “gone too far.”
Clark held about 30 percent of the company’s shares when it went public in September, but Shutterfly’s technology has matured, and he’d been constrained by Sarbanes-Oxley securities law, he said, citing the reasons why he resigned:
“Sarbox (Sarbanes-Oxley) dictates that I not chair any committee due to the size… Continue Reading