more Sarbanes-Oxley backlash
While discussing the current venture capital situation, Paul Graham points out
An experienced CFO I know said flatly: “I would not want to be CFO of a public company now.”
and
This law was created to prevent future Enrons, not to destroy the IPO market. Since the IPO market was practically dead when it passed, few saw what bad effects it would have. But now that technology has recovered from the last bust, we can see clearly what a bottleneck Sarbanes-Oxley has become.
As always, read the whole thing.
