Sarbanes-Oxley Not All Bad

Karen De Coster reports that the requirements of Sarbanes-Oxley are driving public companies to go private: http://www.karendecoster.com/blog/archives/002018.html.

If that’s the case, then it is fair to say that something good has come of Sarbanes-Oxley. Privately held companies are managed better and are more accountable to their shareholders than public companies. Public companies tend to be playgrounds for management, whereas private companies require management to add value.